{"id":32450,"date":"2025-06-18T12:01:46","date_gmt":"2025-06-18T12:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32450"},"modified":"2025-06-18T12:01:46","modified_gmt":"2025-06-18T12:01:46","slug":"crypto-daybook-americas-bitcoin-holds-the-line-as-trump-labels-iran-leader-easy-target","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32450","title":{"rendered":"Crypto Daybook Americas: Bitcoin Holds the Line as Trump Labels Iran Leader \u2018Easy Target\u2019"},"content":{"rendered":"
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By Francisco Rodrigues (All times ET unless indicated otherwise)<\/p>\n

Bitcoin (BTC) is hovering a smidgen under $105,000 having dropped just 1.4% in the past 24 hours as crypto markets balanced the Israel-Iran war with regulatory progress in the U.S.<\/p>\n

Tensions in the Middle East are heightening after President Donald Trump called for Iran\u2019s \u201cunconditional surrender\u201d<\/a> after saying the country\u2019s leader was an \u201ceasy target.\u201d Corporate bitcoin buying, however, is underpinning demand, and Senate approval of U.S. stablecoin legislation is seen as a win for the industry<\/a>.<\/p>\n

Trump’s words helped raise the perceived odds of the U.S. entering the conflict to 62% on prediction market Polymarket<\/a> , up from around 50% a day ago<\/a>. The perceived odds of U.S. military action against Iran before August are at 73%.<\/p>\n

\u201cDespite escalating tensions in the Middle East, BTC is yet to show signs of full-blown panic,\u201d analysts at crypto hedge fund QCP Capital wrote<\/a>. \u201cBTC\u2019s resilient price action appears underpinned by continued institutional accumulation.\u201d<\/p>\n

That accumulation is partly driven by corporate bitcoin treasuries. Strategy, for one, has added over 10,000 BTC<\/a> with funds from the STRD preferred stock offering, and The Blockchain Group said it added 182 BTC<\/a> this week. Bitcoin rewards firm Fold has secured a $250 million facility<\/a> to spend on bitcoin, while Mercury Fintech is planning on raising $800 million <\/a>for a bitcoin treasury.<\/p>\n

\u201cThe market seems to have rediscovered its footing, particularly after BTC held above the key psychological threshold of $100k despite the initial shock,\u201d QCP\u2019s analysts said. \u201cCrucially, Friday\u2019s modest 3% pullback paled in comparison to April last year, when BTC fell more than 8% amid similar Iran-Israel turmoil.\u201d<\/p>\n

Deribit\u2019s BTC Volatility Index (DVOL<\/a>) is currently around 40.86, down from over 62 in early April.<\/p>\n

The Senate’s approval of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the first major piece of crypto legislation to clear the chamber, sends a clear message: U.S. lawmakers are increasingly open to formalizing rules for the industry. Markets interpreted the move as a structural win.<\/p>\n

Traders will be watching today\u2019s interest-rate decision from the Federal Reserve for any surprises. According to the CME\u2019s FedWatch<\/a> tool, markets are nearly certain rates are going to remain unchanged.<\/p>\n

That amplifies any fallout from the Iran-Israel conflict, which has now entered the crypto space. The Iranian crypto exchange Nobitex was hacked<\/a> by a group thought to be linked to Israel just a day after the same group targeted the state-owned Bank Sepah. And in the wider sphere, Iran closing the Strait of Hormuz, a crucial shipping lane, or the U.S. intervening would likely lead to a risk asset sell-off.<\/p>\n

\u201cIt\u2019s wise to reserve judgement until the U.S. open, where most price discovery has been occurring,\u201d said Jake O., an OTC trader at Wintermute. Stay alert!<\/p>\n

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