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Bitcoin Price – Bitcoin Holds Above $105K Despite Iran-Israel Conflict – What’s Next?
Bitcoin Price – Bitcoin (BTC) saw intense price volatility this week, triggered by geopolitical events in the Middle East, but has since shown resilience as it stabilized above $105,000 despite Iran’s retaliation against Israel. Meanwhile, altcoins, including Ethereum (ETH) and HYPE, have started to recover from the Friday crash, contributing to a total crypto market cap rebound of over $60 billion.
BTC Price Fluctuates Amid Middle East Conflict
The week began positively for Bitcoin, with the leading cryptocurrency breaking above $110,000 on Monday after consolidating over the weekend. Optimism was fueled mid-week by two bullish macroeconomic developments: a new US-China trade agreement and lower-than-expected CPI data. However, BTC’s price momentum didn’t hold. Instead, it dropped below $107,000 by Wednesday evening.
On Thursday, bulls briefly pushed BTC to $108,500, but the surge was short-lived. That night, Israel launched a large-scale missile strike on Iran, reportedly killing over 70 people. This act of aggression triggered a sharp reaction across financial markets, with Bitcoin plunging by over $5,000, bottoming out just below $103,000.
Bitcoin Stays Calm After Iran’s Retaliation
While investors braced for further downside after Iran retaliated against Israel on Friday night, Bitcoin showed surprising stability. The cryptocurrency regained ground, briefly testing $106,000 and is now hovering above $105,000 as of Saturday.
This resilience has kept BTC’s market capitalization close to $2.1 trillion, according to CoinGecko (CG). Additionally, Bitcoin’s dominance over altcoins has slightly increased to 61.5%, indicating a flight to safety within the crypto market.
Still, analysts caution that Bitcoin must hold above $100,000 to avoid a deeper correction. A break below that level could prompt a bearish shift in short-term market sentiment.
Altcoins Begin to Rebound, Led by HYPE
Altcoins that were battered by Friday’s volatility have started to recover modestly. Ethereum (ETH), which dipped below $2,500, has now climbed back above that threshold, suggesting a potential short-term reversal.
Ripple (XRP) has successfully defended the $2.15 support level, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Avalanche (AVAX) are all slightly in the green. More notable recoveries came from Bitcoin Cash (BCH) and Shiba Inu (SHIB), which posted stronger daily gains.
However, the altcoin that stole the spotlight is HYPE, which surged by nearly 8% to trade just below its all-time high of $43. The move puts HYPE back in the headlines as one of the best-performing altcoins of the week. The token’s price jump reflects continued enthusiasm and speculation from retail investors, despite broader market uncertainty.
Other notable gainers over the past 24 hours include WhiteBIT Token (WBT), Fartcoin, Pi Network (PI), and Internet Computer (ICP) — all of which saw varying degrees of positive momentum.
Total Crypto Market Cap Rebounds to $3.4 Trillion
The broader crypto market is showing signs of resilience. Following Friday’s sell-off, the total market capitalization has now rebounded by over $60 billion, reaching $3.4 trillion, according to CoinGecko data.
Despite the volatility, the market appears to be finding its footing, although macro and geopolitical risks remain a looming threat. Traders and analysts alike will be watching closely to see whether Bitcoin can sustain support above $105K and if HYPE’s momentum can carry it to a new record high in the coming days.
Despite Middle East tensions, Bitcoin has held steady above $105,000 while altcoins like HYPE lead a market rebound, pushing the total crypto market cap back to $3.4 trillion.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
