{"id":32024,"date":"2025-06-16T11:46:58","date_gmt":"2025-06-16T11:46:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32024"},"modified":"2025-06-16T11:46:58","modified_gmt":"2025-06-16T11:46:58","slug":"crypto-daybook-americas-bitcoin-holds-above-100k-as-iran-israel-trade-blows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32024","title":{"rendered":"Crypto Daybook Americas: Bitcoin Holds Above $100K as Iran, Israel Trade Blows"},"content":{"rendered":"
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By Omkar Godbole (All times ET unless indicated otherwise)<\/p>\n

Bitcoin’s BTC continued choppy trading near January’s highs of around $110,000 has some observers<\/a> drawing parallels with 2021, when the bull market ended with twin peaks closer to $70,000. Not everyone agrees.<\/p>\n

“The market dynamics between 2021 and today are completely different,” Jeff Anderson, head of Asia at STS Digital, told CoinDesk. “BTC is evolving into a treasury asset, so it is very difficult to extrapolate chart patterns onto an asset undergoing massive structural changes.” <\/p>\n

The price action over the weekend was “encouraging,” Anderson said, noting bitcoin’s stability at around $105,000 even as Iran and Israel traded blows. As the old saying goes: If a\u00a0market\u00a0does not\u00a0fall\u00a0too much on\u00a0bad news, it indicates big players are probably going long.<\/p>\n

According to Singapore-based QCP Capital, BTC’s resilient price is underpinned by continued institutional adoption. <\/p>\n

“The market seems to have rediscovered its footing, particularly after BTC held above the key psychological threshold of $100K despite the initial shock,” QCP said. “Crucially, Friday\u2019s modest 3% pullback paled in comparison to April last year, when BTC fell more than 8% amid similar Iran-Israel turmoil.”<\/p>\n

The market composure is evident from Volmex’s 30-day implied volatility index (BVIV), which has declined to an annualized 42.7%, reversing Friday’s spike to 46.12%.<\/p>\n

Meanwhile, the spread between ether and bitcoin implied volatilities<\/a> continues to widen, a sign that ether options are becoming costlier relative to bitcoin on Deribit. The relative richness of ether options presents a good opportunity for ether holders to generate additional yield by writing or selling options, according to Anderson.<\/p>\n

Hong Kong-listed company Meme Strategy’s share price surged<\/a> over 20% after the company announced the acquisition of 2,440 Solana (SOL) tokens for approximately HK$2.9 million ($370,000). Corporate adoption of cryptocurrencies is rapidly moving beyond bitcoin and into other coins, such as ether ETH, sol SOL, and XRP XRP. However, last week, shares in Nasdaq-listed SharpLink dropped sharply after the company disclosed that it had bought ether.<\/p>\n

The outlook for the broader altcoin market does not look so rosy as large unlocks loom. <\/p>\n

“In the next 7 days, tokens with large one-time unlocks (over $5 million) include FTN, ZK, ARB, S, ID, APE, MELANIA, LISTA, and ZKJ. Tokens with large daily linear unlocks (over $1 million per day) include SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, ETHFI, and JTO,” newsletter service LondonCryptoClub said.<\/p>\n

In traditional markets, futures tied to the S&P 500 signaled a steady start to the week with gains as oil prices stabilized following Friday’s surge. According to Barchart.com<\/a>, credit markets are pricing in a six-level credit downgrade for the U.S., equating to a rating of BBB, just a notch above investment grade. Stay alert!<\/p>\n

What to Watch<\/strong><\/h2>\n