Bitcoin Smashes $107k Barrier Amid Geopolitical Storm – Crypto Market Ignores Israel-Iran Conflict
Digital gold proves its mettle as Bitcoin rockets past $107,000—defying traditional market logic during Middle East tensions.
Decoupling from doom
While global equities wobble, crypto''s flagship asset surges 18% in seven days. No safe-haven asset? Tell that to BTC hodlers banking 30% monthly gains.
Institutional FOMO kicks in
BlackRock''s spot ETF now holds 300,000 BTC—enough to make central bankers sweat. Meanwhile, gold bugs watch helplessly as their shiny rock underperforms a JPEG of a monkey.
The cynical take
Wall Street still can''t decide if crypto is a hedge against chaos... or just chaos itself. Either way, the suits are buying—just in time for the next 20% correction.
Macro sentiments favor Bitcoin
Despite the escalating Middle East conflict, Bitcoin’s upward movement may be less about short-term relief and more about shifting macroeconomic sentiment.
Analysts at crypto research firm 10x Research suggest deeper macro themes could create a fertile ground for Bitcoin’s growth. According to the firm, factors like rising oil prices, strong bond yields, mixed labor data, and limited Fed guidance might allow the top crypto to flourish.
In addition, on-chain activity suggests a quiet rotation of capital from altcoins into Bitcoin. These reallocations and supportive macro signals could set the stage for a stronger BTC MOVE later in the year.
Nonetheless, 10x Research stated that bitcoin remains in a consolidation phase. According to the firm, as long as the BTC stays above the $100,437 support level, any short-term pullbacks will likely be limited.
