Bitcoin Hits $106K Amid Iran-Israel Crisis — Analysts Advise Caution
Hi Binance Family!
Let’s quickly dive into what’s happening in the crypto market as global tensions take center stage.
After a sharp dip to $102,600 triggered by escalating conflict between Iran and Israel, Bitcoin managed to bounce back to around $106,000, though it’s still trading about 6% below its record high (CoinDesk, 2025).
The broader market didn’t fare much better. The CoinDesk 20 Index, which tracks the top 20 cryptocurrencies (excluding stablecoins and meme coins), dropped 4.4%. Major altcoins like Ethereum (ETH), Avalanche (AVAX), and Toncoin (TON) slipped 6-8% (CoinDesk, 2025).
Crypto stocks also struggled. MARA Holdings and Riot Platforms fell 5% and 4% respectively. However, Circle (CIRCL) surged 13% following its IPO, boosted by reports that Amazon and Walmart may adopt stablecoins for payments (Sandor & Carreras, 2025).
Traditional markets remained mostly stable, with gold climbing 1.3% as a safe-haven asset, while S&P 500 and Nasdaq dipped slightly by 0.4% (CoinDesk, 2025).
Analyst Skew highlighted Bitcoin's temporary strength but warned traders to stay cautious amid ongoing risks (Skew, 2025). Markus Thielen (10x Research) pointed out that falling below $106K could signal a deeper drop toward $100K-$101K (10x Research, 2025). John Glover (Ledn) sees a possible correction to $88K-$93K, suggesting this may create buying opportunities before a potential rally toward $130K (Ledn, 2025).
Stay alert — the markets remain highly reactive to global developments.