📰 Bitcoin Market Snapshot: Institutional Moves, Geopolitics & Global Shifts

Institutional Confidence

BlackRock’s IBIT now holds 662,500+ BTC (~3% of total supply, worth $72.4B), showing strong institutional conviction.

The U.S. is embracing crypto with new task forces and pro-crypto legislation, opening the door for major players like JPMorgan.

Geopolitical Impact

BTC briefly dipped below $103K amid Israel-Iran tensions—while gold rose, BTC fell ~2%, raising questions about its “digital gold” status.

Critics like Peter Schiff remain skeptical of BTC as a crisis hedge.

Market & Technicals

Puell Multiple suggests BTC is still in a value zone—despite being near ATHs.

Price stability above $100K hints at momentum building, with eyes on upcoming U.S. inflation data.

Global Adoption Trends

Brazil’s Meliuz invests $32M in BTC for treasury use.

Pakistan sets up a Bitcoin Reserve and launches a Digital Assets Authority, signaling a major policy shift.