Bitcoin Price Holds Steady Amid Iran Conflict Fears
Bitcoin (BTC) decreased by 1.3% to $105,552 amid Middle East tensions but has gained 1.6% over the past month. It remains over $5,000 below its all-time high of $111,970 from May 2025. Despite ongoing conflicts and U.S. President Trump's calls for a ceasefire, Bitcoin's performance mirrored that of equities, with the S&P 500 rising 0.94%. Institutional investors are viewing the situation as a buying opportunity, with $408.6 million entering Bitcoin ETFs recently. However, over 77% of predictors do not expect BTC to exceed $107,000 today. Analysts suggest that significant price movements depend on clarity regarding U.S. involvement in the conflict. Bitcoin's resilience during geopolitical uncertainty is seen as a sign of its growing role as a hedging asset, with some experts noting its potential shift from a "risk-on" asset to a more stable investment akin to digital gold.
