BTC Rate Holds Steady as Trump Labels Iran Leader ‘Easy Target’
The post BTC Rate Holds Steady as Trump Labels Iran Leader ‘Easy Target’ appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is hovering just under $105,000, dropping only 1.4% in the past 24 hours as crypto markets stabilize amidst the Israel-Iran conflict and regulatory developments in the U.S. Tensions in the Middle East escalate after President Donald Trump designates Iran’s leader as an ‘easy target.’ Despite this, corporate bitcoin purchases continue to support demand, and the Senate’s approval of U.S. stablecoin legislation is viewed as a positive for the industry. Trump’s remarks have increased the likelihood of U.S. involvement in the conflict, with the forecasted market indicating a 62% probability, up from 50% the previous day. The perceived chance of U.S. military action against Iran before August stands at 73%. Experts at crypto hedge fund QCP Capital note that despite the geopolitical tensions, BTC remains resilient, supported by ongoing institutional accumulation. Corporate bitcoin treasuries, such as MicroStrategy’s addition of over 10,000 BTC and The Blockchain Group’s acquisition of 182 BTC this week, contribute to this accumulation trend. Additionally, Bitcoin rewards firm Fold secures a $250 million fund for bitcoin investments, while Mercury Fintech plans to raise $800 million for a bitcoin treasury. QCP’s analysts highlight BTC’s stability above $100k as a positive sign, contrasting it with previous market reactions to geopolitical uncertainties. Deribit’s BTC Volatility Index (DVOL) currently stands at 40.86, down from over 62 in early April. The Senate’s approval of the Guiding and Developing National Innovation for U.S. …
