According to @CoinDesk, Bitcoin (BTC) has demonstrated resilience by holding just under $105,000 despite a 1.4% 24-hour drop, as traders balance escalating Israel-Iran tensions with U.S. regulatory developments. Institutional accumulation continues to support BTC, with Strategy and The Blockchain Group adding significant holdings and Fold securing a $250M facility for further purchases (Source: CoinDesk, QCP Capital). Senate approval of the GENIUS Act signals increased U.S. regulatory clarity, viewed as bullish for the industry. On-chain data shows Deribit’s BTC Volatility Index has declined to 40.86 from over 62 in April, while options traders are heavily favoring protective puts at the $90-100K range. Perpetual funding rates remain modestly positive, and ETF net inflows reached $216.5M for spot BTC ETFs (Source: Farside Investors). Key risks include potential U.S. military escalation with Iran and cyberattacks on Iranian crypto infrastructure, both of which could trigger risk-off flows across crypto markets. Traders should monitor today’s Federal Reserve rate decision for macro-driven volatility.