Bitcoin Price Reacts to Geopolitical Tensions
The Bitcoin price experienced significant volatility, dropping over $2,000 following reports of escalating tensions in the Middle East. US President Donald Trump called the National Security Council to the White House situation room, signaling potential conflict with Tehran. This event underscores how global geopolitical developments can influence cryptocurrency markets.
Key Developments in Bitcoin’s Price Movement
- Bitcoin declined 2% after Trump’s message regarding Tehran.
- The price fell from an intraday high of $108,780 to $106,421.
- Analysts link the drop to increased geopolitical uncertainty.
Gemini and Coinbase Expand in Europe Under MiCA
Gemini and Coinbase are poised to secure licenses to operate in the European Union under the Markets in Crypto-Assets (MiCA) regulations. This development represents a strategic expansion for both exchanges within the EU market.
Benefits of the MiCA Framework
- Establishes clear guidelines for cryptocurrency operations.
- Strengthens consumer protections and market stability.
- Enables seamless cross-border services across EU member states.
Surge in Crypto Investment Product Inflows
Cryptocurrency investment products attracted $1.9 billion in inflows last week, extending a nine-week streak to $12.9 billion. Bitcoin and Ether products led the gains, indicating renewed investor confidence in digital assets.
Leading Performers in Weekly Inflows
- Bitcoin products: $1.3 billion inflows.
- Ether products: $583 million inflows.
- XRP products: $11.8 million inflows, reversing a three-week outflow trend.
Expert Perspective on Market Dynamics
“The sustained inflows into crypto products reflect growing institutional interest,” noted James Butterfill, Head of Research at CoinShares. “Regulatory progress under MiCA is further bolstering market optimism.”
