Bitcoin Holds Strong During Middle East Crisis, Backed by ETFs

Bitcoin experienced a relatively mild pullback of approximately 3%, from lows of $103k to rebounding above $107k Front-end implied volume for Bitcoin is below 40%, and the volatility index hovers around 20 Large corporate holders remained active, with Metaplanet now holding 10,000 Bitcoin Recent headlines around the globe spotlighted rising Israel–Iran tensions over the weekend, including airstrikes on Iran’s energy infrastructure and retaliatory missile strikes. As such, crypto market concerns emerged around potential disruptions in the Strait of Hormuz and oil supply increases. However, despite the geopolitical situation, Bitcoin experienced a relatively mild pullback of approximately 3%, from lows of $103k to rebounding above $107k. Interestingly, this contrasts with deeper declines of about 8% in April during similar tensions. Market volatility indicators remain subdued as front-end implied volume for Bitcoin is below 40%, and the VIX (volatility index) hovers around 20, which are levels that are interpreted as moderate given the current risks. Additionally, big inflows into spot Bitcoin ETFs continued for the seventh consecutive week, with ov… The post Bitcoin Holds Strong During Middle East Crisis, Backed by ETFs appeared first on Coin Edition .

Source: Coin Edition