Despite the rising geopolitical tensions between Israel and Iran, the crypto market shows signs of optimism as Bitcoin holds its position above $100,000.
Crypto Fear and Greed Index
The Crypto Fear and Greed Index has remained at a score of 60, indicating strong investor sentiment. While both countries are in conflict, this index reflects ongoing investment activity remaining in the greed zone.
Bitcoin's Resilience
Bitcoin briefly dipped to $103,000 but bounced back to $105,670. Currently, it is trading less than 6% below its all-time high. The remarkable resilience of Bitcoin shows that it is not yet reacting to the ongoing global tensions.
Impact of Geopolitical Conflicts on the Market
Past conflicts between Israel and Iran have impacted the crypto markets. For instance, in April 2024, Bitcoin dropped 8.4% in a day following attacks on Israel. However, the current correction is less severe, suggesting greater market resilience to such conflicts.
Despite military tensions, crypto investors remain confident in the significance of Bitcoin. The key $100,000 level may play a decisive role in determining future market movements.
