$BTC Risk assets, cryptocurrencies among them, breathed a sigh of relief after President Donald Trump ruled out an immediate entry into the Israel-Iran war, saying he may wait two more weeks before deciding whether to add U.S. firepower to the conflict.$BTC hovering around $106,000, up 0.9% in the past day, and the broader CoinDesk 20 index has gained 0.77%. In traditional markets, oil prices slipped 1.7% after a three-week rally and European stock indexes rose. U.S. equity futures are slightly higher than they were this time Thursday.

Trump's comment reduced the odds of U.S. military action before the end of the month on prediction market Polymarket from around 70% to 40%. While the immediate prospect of a U.S. intervention in Iran may have diminished, the fact this is reportedly a two-week hiatus means it will remain a live issue for the markets going into next week,” AJ Bell investment analyst Dan Coatsworth told Yahoo Finance.

Despite the crypto market's relative stability, analysts see diverging risks. Glassnode, a blockchain analytics company, said subdued on-chain activity could reflect a more mature market dominated by institutions making large, infrequent transactions.

A new report from CryptoQuant, on the other hand, warns bitcoin could drop to $92,000 or lower, if demand fails to rebound. ETF flows are down 60% since April, whale buying has slowed by half, and short-term holders have dumped 800,000 BTC since late May. Stay alert!#Write2Earn