According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, heightening global risk aversion and causing bitcoin (BTC) to fall 2.9% and a broad market index to drop 6.1% over 24 hours, as market data shows. Gold futures rose 1.3%, indicating a shift to traditional safe havens, based on commodity reports. SOL plummeted nearly 9.5% despite Solana ETF optimism, with Jake Ostrovskis noting the market is 'underexposed to SOL' according to his analysis. Derivatives data from Velo revealed open interest dropping to $49.31 billion, while Deribit data showed defensive options positioning with BTC put/call ratio at 1.28. CoinGlass reported $1.16 billion in liquidations, primarily from long positions.

According to Francisco Rodrigues, Bitcoin rose to near $107,000 as a U.S.-brokered ceasefire between Iran and Israel reduced oil supply fears, lifting risk assets and the CoinDesk 20 index by 1%. Susannah Streeter of Hargreaves Lansdown warned that doubts about the truce's stability could resurface, citing U.S. intelligence reports. Federal Reserve Chair Jerome Powell emphasized patience on interest-rate cuts due to elevated inflation and tariff pressures, with Bitunix analysts noting short-term policy uncertainty. Traders are monitoring Powell's Senate testimony and upcoming economic data, as derivatives activity suggests range-bound trading near $100,000 to $105,000, according to Jake O of Wintermute.