#IsraelIranConflict Cryptocurrency Market Overview
Global Market Capitalization: $3.39 trillion, up 5.2% in the last 24 hours, indicating positive market sentiment.
24-Hour Trading Volume: $173 billion, up 20.75%, with DeFi contributing $40.81 billion (24.96%) and stablecoins $157.44 billion (96.28%).
Bitcoin Dominance: 61.6%, up 0.77%. Ethereum Dominance: 9.11%.
Driving Factors:
Geopolitics: Israel-Iran tensions cause volatility, with $1.15 billion liquidated in 24 hours, affecting 247,000 trader accounts.
Regulation: US pushes GENIUS Act for stablecoin regulation, increasing market optimism.
Institutional Adoption: Large investments like Gumi (Japan) buying Bitcoin worth ¥1 billion and BlackRock adding 1.5 million ETH ($2.7 billion).
Inflation: Stable US CPI data supports interest rate cut expectations, although geopolitical risks remain.
Performance of Major Crypto Assets
Bitcoin (BTC):
Price: $104,370 USD (~Rp1.65 billion IDR), down 2.8% after Israel's attack on Iran, from $106,042 to $103,053, then recovering slightly.
24-Hour Trading Volume: Up 30.61%.
Sentiment: Bullish, with a positive-negative comment ratio on social media of 2.12:1, the highest since November 2024.
News:
Liquidation of long positions: $427.84 million in 24 hours.
GameStop increases convertible bonds to $2.25 billion for Bitcoin treasury strategy.
Anthony Pompliano launches ProCapBTC, SPAC to raise $750 million for Bitcoin acquisition.
Ethereum (ETH):
Price: $2,793 USD (~Rp44.2 million IDR), up 4.28% in 24 hours, stable above support of $2,700.
24-Hour Trading Volume: Up 36.16%.
2025 Price Prediction: Potential to reach $4,000 if it breaks $2,793.
News:
Open interest futures up 40% in 30 days.
BlackRock increases ETH holdings worth $500 million, totaling 1.5 million ETH.
XRP:
Price: $2.26 USD (~Rp35,700 IDR), slowing below resistance of $2.33, with support at $2.26.
2025 Price Prediction: Range of $1.80–$5.25, driven by the potential of XRP ETF.
News: Ripple and SEC filed for dissolution of XRP injunction and release of $125 million fine.
High-Performance Altcoin:
Hyperliquid (HYPE): Reached ATH $43, open interest futures up 34% to $1.89 billion.
AURASOL: Up 61.55%.
NXPC: Up 7.73%.
Memecoins: Fartcoin and SPX6900 lead potential rally.
DeFi: Kaia, Uniswap, and AB attract investor attention.
Trends and Developments
Memecoins and DeFi: Tokens like Fartcoin, SPX6900, and Uniswap show potential for rally, indicating the possibility of altseason.
Corporate Adoption:
ANAP Holdings (Japan) converts ¥11.5 billion to Bitcoin.
Metaplanet (Japan) raises $5.4 billion to buy 210,000 BTC by 2027.
Stablecoins: US GENIUS Act and statements from Treasury Secretary Scott Bessent support potential stablecoin market capitalization up to $2 trillion.
NFT and GameFi: Axie Infinity and projects like CryptoPunks remain popular, with NFTs used for art, ticketing, and more.
Regulation:
UK lifts crypto ETN ban for retail investors.
Thailand shuts down access to exchanges like Bybit, CoinEx, and OKX for operating without licenses.
Kazakhstan launches pilot 'CryptoCity'.