Bitcoin (BTC) Holds Above $100K Amid Iran-Israel Conflict: Institutional Adoption Signals Market Strength

According to CoinDesk, Bitcoin (BTC) maintained stability above $100,000 despite escalating tensions between Iran and Israel, indicating underlying market resilience. Jeff Anderson of STS Digital highlighted that BTC is evolving into a treasury asset, differing from 2021 dynamics, while QCP Capital cited continued institutional adoption as a key support factor. The widening spread between ether (ETH) and bitcoin implied volatilities offers opportunities for ETH holders to generate yield by selling options, as noted by Anderson. However, LondonCryptoClub warned of potential price pressure from large upcoming altcoin unlocks for tokens like ARB, ZK, and SOL.
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Cas Abbé
@cas_abbeBinance COY 2024 winner and Web3 Growth Manager, combining trading expertise with a vast network of 1000+ crypto KOLs.