Bitcoin shows resilience amid Middle East escalation
Key takeaways
Bitcoin up 2% - BTC trading at $107k as Israel-Iran conflict continues to escalate.
📈 Ethereum follows suit - ETH up 5% as it bucks geo-political uncertainty.
😐 Sentiment steady as investors wait and see - Fear & Greed Index sits firmly in neutral.
It was a volatile weekend in the markets, as traders attempted to keep up with the pace of events in the Middle East. Bitcoin’s price has shown great resilience though, recovering sharply to $107k after last week’s drop to $102k.
The conflict between Iran and Israel adds further uncertainty to an already-uncertain geopolitical environment. But the resilience shown by Bitcoin suggests that the store of value narrative may finally be taking root.
Elsewhere, Ethereum (ETH) has also seen a bounce of more than 4% in the last 24 hours. The big gainers today are Solana (SOL) and Hyperliquid (HYPE), which are up by 8% and 10% respectively.
In the markets…
🌍 Total crypto market cap ⬆️
The global crypto market cap is approximately $3.34 trillion, reflecting a 2.27% increase over the past 24 hours
🟠 Bitcoin (BTC) ⬆️
Price: $106,965, up 1.92% in the last 24 h
Daily high: $106,157
Daily low: $104,519
📈 S&P 500 ⬇️
SPY is currently down 1.13% since yesterday’s close.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 50/100, indicating a neutral sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for BTC is approximately 57.60, within the neutral zone (30–70).
