Bitcoin Holds Firm Above $100K
Bitcoin (BTC) is trading above $100,500 early Monday in Asia, rebounding from a brief dip below the six-figure mark following weekend U.S. military strikes on Iran’s nuclear sites. Despite the initial risk-off reaction, market sentiment has cooled, and traders are showing signs of resilience.
The sharp sell-off on Sunday was short-lived as fears of a broader escalation diminished. Equity futures remain flat, and gold has edged only slightly higher, indicating a cautious but measured market response.
Oil Steady Despite Tensions Near Hormuz
Crude oil is trading near $76 per barrel, reflecting lingering concerns over potential supply disruptions, especially if Iran threatens to close the Strait of Hormuz—a vital chokepoint for global oil shipments.
While geopolitical tensions usually trigger flight to safety, the muted reaction from both commodity and crypto markets suggests that investors are not pricing in a full-blown crisis—for now.
Mining Sector Eyes Summer Adjustments
On the mining front, public Bitcoin miners now control nearly one-third of BTC’s total hashrate, according to recent reports. As temperatures rise, summer curtailment measures are expected to reduce energy-intensive mining activity, potentially tightening supply.
Antalpha’s Q1 performance also remains in focus, with key metrics showing ongoing strength despite increasing regulatory scrutiny in multiple jurisdictions.
Conclusion: Bitcoin Resilience Reinforced
BTC’s quick recovery above $100K highlights investor confidence, even amid geopolitical shocks. With no major financial market panic following the U.S.-Iran escalation, traders appear to be digesting the risk without overreacting.
As the situation develops, Bitcoin’s safe-haven narrative may continue to be tested—but for now, stability above the psychological $100,000 level is a bullish signal for the broader crypto market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.