Bitcoin Price: Bitcoin (BTC) showed notable volatility over the past 24 hours, briefly spiking to $105,209.86—a 4.20% jump, according to real-time data from CryptoCompare. Other platforms reported varying figures, with CoinDesk noting a dip below $103,400 before BTC rebounded to $103,127.30, reflecting a 3.65% increase. CoinMarketCap pegged the price at $103,889.77, up 5.36%, with a 24-hour trading volume of $60.43 billion. These variations highlight the ongoing price sensitivity and liquidity differences across major exchanges.
The past week hasn’t been easy for Bitcoin. As per CoinGecko, BTC saw a 4.40% weekly decline, tumbling from around $111,953.60 to a low of $98,249.20, as reported by Investing.com. Analysts attribute the drop to rising macroeconomic tensions and geopolitical uncertainty—particularly heightened conflict in the Middle East. Reports of U.S. airstrikes in Iran triggered risk-off sentiment, pushing investors toward traditional safe-haven assets like the U.S. dollar and treasuries, as noted by Cointelegraph and various X (formerly Twitter) commentators.
However, the tide turned after former U.S. President Donald Trump reportedly announced a ceasefire between Iran and Israel. According to the CoinDCX research team, this triggered renewed bullish sentiment, with Bitcoin surging past $106K briefly, forming a strong bullish candle. While most top altcoins saw mild gains, smaller tokens like SEI jumped nearly 35%, with WIF and SPX also rising over 20%.
In a significant policy shift, the U.S. Federal Reserve removed the ‘reputational risk’ clause that had previously discouraged crypto involvement—an encouraging move for institutional investors. Meanwhile, MicroStrategy CEO Michael Saylor added another $26 million worth of BTC at $105.8K, increasing his firm’s holdings to 592,345 BTC, worth $41.87 billion. Europe’s The Blockchain Group also added 75 BTC to its treasury. Spot Bitcoin ETFs continued their winning streak with $350 million in net inflows, while Ethereum ETFs recorded $101 million with no outflows.