Bitcoin has shown resilience, recovering above the $100,000 mark after a brief dip due to escalating tensions in the Middle East following U.S. airstrikes on Iranian nuclear sites. This geopolitical turmoil initially sparked fears of a significant spike in oil prices, with predictions reaching as high as $120–$130 per barrel. However, oil prices have stabilized, with Brent crude hovering around $77, suggesting that the market does not anticipate a major disruption in oil flows through the Strait of Hormuz. Analysts believe Iran’s threats are largely rhetorical, aimed at domestic audiences rather than actual military action. Meanwhile, in the crypto space, Bitcoin’s recovery is supported by increased trading volumes, although the overall trend remains bearish. In other news, Celestia’s co-founder has proposed a new Proof-of-Governance model for liquid staking tokens, while HashDit has warned users about a compromised Cointelegraph website. Additionally, Iran’s Supreme Leader condemned the U.S. attack, emphasizing the ongoing geopolitical tensions that could impact global markets.
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