According to CoinDesk and QCP Capital, Bitcoin (BTC) has demonstrated resilience by maintaining levels just under $105,000 despite heightened Middle East tensions following former President Trump's aggressive remarks toward Iran. Institutional and corporate accumulation, including significant BTC purchases by Strategy and The Blockchain Group, has underpinned demand. U.S. Senate approval of the GENIUS Act for stablecoin regulation is seen as a structural positive for the crypto industry (CoinDesk). Short-term options data from Deribit shows increased demand for downside protection, with most traded BTC options being puts at $90K-$100K strikes. Traders remain cautious, closely monitoring today’s Federal Reserve interest rate decision, which could trigger volatility. Meanwhile, the hack of Iranian exchange Nobitex highlights rising geopolitical risk for crypto markets. BTC’s modest 3% pullback last Friday was minor compared to previous similar crises, and volatility (DVOL) has cooled from April highs. Spot BTC ETF inflows totaled $216.5M, reinforcing ongoing institutional interest (Farside Investors).