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Bitcoin (BTC) Holds Near $105,000 Amid Trump-Iran Tensions and U.S. GENIUS Act Approval for Stablecoins | Flash News Detail | Blockchain.News
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6/24/2025 3:06:29 PM

Bitcoin (BTC) Holds Near $105,000 Amid Trump-Iran Tensions and U.S. GENIUS Act Approval for Stablecoins

Bitcoin (BTC) Holds Near $105,000 Amid Trump-Iran Tensions and U.S. GENIUS Act Approval for Stablecoins

According to Crypto Daybook Americas, Bitcoin (BTC) is trading slightly under $105,000 with a 1.4% 24-hour decline, as institutional buying from firms like Strategy, which added 10,000 BTC, and The Blockchain Group, which purchased 182 BTC, supports prices despite escalating geopolitical risks from Trump's comments labeling Iran's leader an 'easy target'. This increased U.S. intervention odds to 62% on Polymarket. The Senate's passage of the GENIUS Act for stablecoins is seen as a regulatory win, while traders monitor the Federal Reserve's rate decision for potential market impacts, with options data showing heightened demand for downside protection.

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Analysis

Bitcoin maintained relative stability near the $105,000 threshold despite escalating Middle East tensions, dropping only 1.4% over 24 hours as institutional accumulation offset geopolitical risks. According to CoinDesk market data as of June 18, BTC traded at $104,736.41 after dipping 1.19% intraday, while ETH hovered at $2,526.50 with a 1.34% decline. The resilience followed former President Trump's remarks labeling Iran's leader an 'easy target,' which pushed prediction market Polymarket's odds of U.S. military involvement to 62%, up from 50% just 24 hours prior. Corporate treasury activity provided crucial support: Strategy acquired over 10,000 BTC via its STRD offering, while The Blockchain Group added 182 BTC this week. Simultaneously, regulatory tailwinds emerged as the U.S. Senate passed the GENIUS Act, marking the first major stablecoin legislation approval. This institutional momentum contrasts sharply with April 2023's 8% BTC crash during similar Iran-Israel tensions, underscoring maturing market foundations. QCP Capital analysts noted BTC's ability to hold above the psychological $100,000 barrier despite initial shocks, attributing stability to 'continued institutional accumulation' that absorbed geopolitical selling pressure. Gold futures dipped 0.19% to $3,400.40, reflecting muted haven demand as crypto's risk profile evolved. The market now awaits the Federal Reserve's 2 p.m. ET rate decision, with CME FedWatch indicating 98% certainty of unchanged rates. This sets the stage for crypto to decouple further from traditional risk assets during geopolitical stress tests. Cross-market correlations revealed intriguing divergences as crypto outperformed equities during the June 17 U.S. session. While the Nasdaq Composite fell 0.91% to 19,521.09 and S&P 500 dropped 0.84% to 5,982.72, BTC spot ETFs recorded $216.5 million inflows according to Farside Investors data, lifting cumulative holdings to $46.24 billion. The Blockchain Group's 1,173% BTC yield year-to-date exemplifies institutional success in deploying treasury strategies. Meanwhile, crypto equities showed mixed reactions: Coinbase rose 0.65% to $255.50 while Marathon Digital edged up 0.48% to $14.74. The Iran-Israel conflict spilled into crypto via the $48 million Nobitex hack by suspected Israeli-linked actors, potentially foreshadowing cyber warfare targeting digital assets. This geopolitical premium now manifests in derivatives positioning, with Deribit's top five BTC options all being protective puts at $90,000-$100,000 strikes. Significantly, perpetual funding rates on Binance remained barely positive at 0.0048%, while CME futures basis held at 7% for BTC and 8% for ETH, indicating cautious institutional hedging. The Dollar Index's potential breakout above 98.65 could pressure risk assets, though corporate buying provides structural support. Three Canadian XRP ETFs debut today on the Toronto Stock Exchange, offering new institutional pathways amid Ripple's 6.414% surge to $2.1585. Technical indicators signal caution despite macro resilience. Deribit's BTC Volatility Index plunged to 40.86 from April's 62 peak, compressing expected price swings. Chainlink broke below its Ichimoku cloud with $12.60 support at risk, per CoinDesk technical analysis. Volume patterns revealed selective accumulation: XRP spiked 412% to 41,217 units traded on USD pairs, while BTC's CME open interest held firm at 153,825 contracts. ETF flows showed divergence, with ETH products attracting just $11.1 million versus BTC's institutional wave. The CoinDesk 20 Index fell 2.01% to 3,005.42, dragged by laggards like Exodus Movement's 8.39% plunge. Critical correlations emerged: Gold's 0.19% dip contrasted with silver's 0.47% gain, while Asia's Hang Seng fell 1.12% versus Nikkei's 0.90% rise, highlighting crypto's unique positioning between haven and growth assets. Today's U.S. jobless claims at 8:30 a.m. ET and Fed guidance could catalyze volatility, particularly if dot plots signal prolonged restrictive policy. Immediate resistance lies at $106,000 with corporate bids likely clustered near $100,000.

The Stock Sniper

@Ultra_Calls

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