This week, Bitcoin and cryptocurrencies demonstrate relative stability despite escalating international tensions.
Bitcoin Price Under Pressure
Last week, following Israel's missile strike on Iran, the price of Bitcoin dropped sharply from over $108,000 to under $103,000. Afterward, BTC partially regained its footing, reaching around $104,000-$105,000, but then fell back to $103,500.
Key Events of the Week
The situation between Israel and Iran continued to worsen despite US efforts. President Donald Trump urged Iran to engage in nuclear negotiations. Meanwhile, Bitcoin began to rise again, spiking above $106,000 on Friday following news that Iran might consider limitations on its nuclear program.
Market Overview
The cryptocurrency market shows interesting trends. For example, WBT reached a record high, increasing by 45% over the week. In contrast, HYPE fell by more than 7%. The total market capitalization stands at $3.406 trillion, with Bitcoin dominance at 61.8%.
Despite global tension, Bitcoin and some altcoins exhibit resilience and business activity, signaling a deeper understanding of the market among investors.
