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).

According to CoinDesk and QCP Capital, Bitcoin (BTC) is hovering just under $105,000 after dipping 1.4% in 24 hours, demonstrating resilience in the face of heightened Middle East tensions following Trump’s comments about Iran’s leader. Institutional accumulation, including major corporate Bitcoin treasury buys such as Strategy’s 10,000 BTC and The Blockchain Group’s new 182 BTC, underpins market demand (CoinDesk). Concurrently, U.S. Senate approval of the GENIUS Act, the first major stablecoin legislation, signals growing regulatory clarity, which the market views as a structural win (CoinDesk). Traders remain cautious, as BTC options flow on Deribit is skewed toward downside protection, and Deribit’s BTC Volatility Index (DVOL) has subsided to 40.86 from April highs over 62. Eyes are also on the Federal Reserve’s rate decision and the potential for further risk-off moves if U.S.-Iran conflict escalates, especially after Israel-linked hacks on Iran’s Nobitex crypto exchange (CoinDesk).