Bitcoin #BTC holds $71,000, despite Trump's warnings about strikes on the oil-rich island of Hark in Iran
Bitcoin remains above pre-war levels and trades around $71,000, demonstrating resilience despite the escalation of conflict in the Middle East and U.S. strikes on the Iranian island of Hark.
Cryptocurrencies in general have risen over the past week, with major tokens such as Ethereum$ETH , Dogecoin, #SolanaUSTD , and #BNB金鏟子 showing growth, even though Bitcoin has repeatedly failed to break through the resistance range of $73,000 to $74,000.
Traders increasingly view news headlines related to the war as temporary shocks, but rising oil prices, record energy supply disruptions, and the Federal Reserve's meeting next week create new risks for risk assets, including cryptocurrencies.
Weekly data indicates resilience. Bitcoin rose by 4.2% over the past seven days. Ethereum increased by 5.5% to $2090. Dogecoin gained 5%. Solana rose by 4.2% to $88. BNB climbed by 4.5% to $655. All major exchanges showed growth this week, despite the war escalating rather than easing.
The market is adapting to the conflict in real-time. At the start of the war, every headline triggered an overreaction as no one could assess the tail risk. Now traders have a system where strikes, oil jumps, and Bitcoin drops occur, only to recover again.
This trend has repeated enough times for the reflexive impulse to 'sell on the headline' to fade. However, the resistance level of $73,000-$74,000 remains in place and has rejected Bitcoin four times in two weeks.
BTC66,655.91+0.32%
ETH2,025.79+1.33%
SOL82.63+1.00%
BNB611.16+0.15%