Crypto markets today were a tale of two trends: sharp geopolitical-driven declines, followed by a surge in equity demand spurred by blockbuster IPOs.
Section 1: Geopolitical volatility
Bitcoin fell ~5% to ~$102.9K after news of Israeli airstrikes on Iran, triggering over $300M in liquidations within one hour. $ETH followed suit with ~6% losses.
This illustrates crypto’s continuing status as a risk-on asset, highly reactive to global events.
Section 2: IPO-driven equity surge
In contrast, Circle's IPO stock leapt from $31 to $107, prompting filings from other major players Gemini, Kraken, Ripple anticipating the same investor fervor.
U.S. legislation like the CLARITY and GENIUS bills is progressing, improving regulatory visibility and fueling interest in crypto equities .
Conclusion: Traders should brace for heightened volatility driven by global tensions while recognizing the broader structural trend: a booming crypto IPO market supported by regulatory progress. Hedging and active management remain key.