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After a tense weekend that saw the US bomb an Iranian nuclear place, Bitcoin has regained its foothold, hovering around $ 106K as Asia begins its Wednesday session and pushes earlier levels from earlier this month when Israel bombed Iran.
Part of the reason Crypto has recovered with traditional markets is just where correlated the two have become.
“Bitcoin’s sensitivity to traditional asset classes and macroeconomic indicators has evolved significantly over the last few market cycles, reflecting its growing integration into the wider macrofinance system,” reads a recent report from Glassnode and Avenir Group. “Institutional infrastructure has reshaped how capital engages in Bitcoin. As a result, its market behavior is increasingly controlled by structural liquidity, longhor positioning and regulated access points.”
This institutional spine was visible again this week.
Semir Gabeljic, director of capital formation and investment strategy at Pythagora’s Investments, quoted ETF streams as a major tail wind: “The huge recent capital inflow in Bitcoin ETFs of $ 1.1 billion last week and even $ 350 million today alone” drives the positive trend.
Spencer Yang, nuclear contributor to fractal bitcoin, added that one of the reasons BTC was able to shake the war jails so quickly is that nothing has changed at the asset class because of the conflict in the Middle East.
All the measurements that investors look at for BTC are still there and another bullish market mood may be on the way.
“We still see interest in protocols such as BRC-20, especially with the recent upgrade, as well as runes and alkanes, which have received a lot of attention,” he added. “So, overall, activity on the chain is rising everywhere thanks to these types of assets.”
Takeaway? As Bitcoin becomes more and more defined by institutional demand and macro-liquidity cycles, analysts see its price action as less about responding to headlines and more about long-term capital obligation. This structural shift is what continues to anchor BTC over $ 100K despite the noise.
Tim Draper: Bitcoin eats crypto as innovation flocks to BTC
Bitcoin Blockchain becomes the new home for cryptoinnovation that absorbs ideas when they were once exclusive to altcoins, just as Microsoft once consolidated the software revolution during its operating system empire, Tim Draper argued in a recent post on x.
Draper pointed to BTC dominance, a metric equivalent with its “market share”, rises over 60%, up from 40% after 2017 Boom-Bust cycle and 50% after the top of 2021, as the proof that Bitcoin repeats control over the wider crypto-ecosystem.
Like how Microsoft integrated or cloned early success stories such as Lotus 1-2-3, WordPerfect and PowerPoint to form its software suite, Draper says Bitcoin is now incorporating one Gang-Talecoin-exclusive Innovations: Smart Contracts, Defi, Ordinals and Low-Cost Layer 2S.
“All the successful innovations on other platforms are now being ported to Bitcoin,” wrote draper and called it an “acceleration” that reflects great tech consolidation. Developers, he said, is increasingly against Bitcoin as the most secure and valuable chain.
Draper, which drives a Bitcoin-focused accelerator with Boost VC, said the next generation of entrepreneurs is based on Bitcoin not only for ideological reasons, but because the infrastructure and ecosystem are now ready.
“Smart entrepreneurs always build on the platform with the strongest gravity,” he wrote. “This platform is Bitcoin.”
Wazirx assigned extension to present revised restructuring plan
Wazirx has received a court -approved extension from Singapore High Court, giving it the opportunity to present additional arguments in support of its proposed arrangement for arrangement. The court also extended the moratorium for creditor measures, which will now remain in place until a decision is made on the revised plan.
In a statement published on Monday, the exchange said it is waiting for further directions from the court and repeated its obligation to resolve outstanding claims. The company’s original restructuring plan, which was rejected by the Court last month, as Coindesk previously reported, tried to reimburse users affected by a $ 234 million hack in July 2024 through the issuance of recovery tookens and a transfer of operations to a new unit, Zensui Corporation.
More than 93% of creditors had approved the original plan, but the court cited concern for governance and transparency.
Without an approved scheme, Wazirx faces the possibility of liquidation under Singapore’s Companies Act, which can lead to extended delays and reduced credit utilization. No date has been set for the next hearing.
Market movements
- BTC: Bitcoin rose by $ 106,000 after a ceasefire between Israel and Iran relieved geopolitical tensions and triggered a breakout driven by buyers with high convictions, bullish technical signals and strong accumulation on the chain, while the wider CD20 index also climbed almost 1% in the middle of renewed market strength.
- ETH: Ethereum rose 4% to break over $ 2,450 when Trump’s announcement of an Israel-Iran ceasefire essentially relieved global tensions, triggering renewed institutional accumulation and strong purchase of momentum.
- Gold: Gold dropped as much as 2% to $ 3,300 after Trump’s surprise Israel-IRan ceasefire message relieved geopolitical tensions, which weakened demand for safe haven even when the metal remains over 25% years to date.
- Nikkei 225: Japan’s Nikkei 225 rose 0.12%as the Asia-Stop Sea markets opened higher on Wednesday, bent by the Israel-Iran-weapon and new signals from the US Federal Reserve.
- S&P 500: US stocks rose on Tuesday, with Nasdaq and S&P 500 hit their highest levels since February as a technically-led rally gained speed in the midst of growing optimism over a fragile American-broken Israel-IRan ceasefire.
Other places in crypto
