Bitcoin has stabilized above $100,000 as the initial market volatility following U.S. strikes on Iranian nuclear facilities subsides. Crude oil prices remain near $76 per barrel amid concerns that Iran may block the Strait of Hormuz, a critical passage for global oil shipments. Overall, traditional equity markets display a flat outlook, with gold showing only minor gains. The lack of significant trader reactions suggests expectations of a contained and delayed response from Iran. In the cryptocurrency space, major altcoins like Ethereum and XRP have also begun to recover from initial losses. Additionally, crypto exchange OKX is reportedly exploring a public listing in the U.S., amidst previous regulatory challenges. Market sentiment regarding further U.S. military actions towards Iran appears to be shifting, with bets on additional strikes declining. Cryptocurrency markets are responding to geopolitical tensions as fleeting, rather than indicative of a major structural shift, evidenced by Bitcoin rebounding after a volatile swing.

Source 🔗