Bitcoin surged back to $106,000 on Monday after briefly dipping below $98,500 over the weekend — its lowest point in 45 days — as geopolitical tensions eased and traders eyed a potential shift in U.S. monetary policy.
The rebound followed U.S. President Donald Trump’s announcement of a “total ceasefire” between Israel and Iran, calming markets rattled by escalating Middle East conflict. The renewed optimism helped Bitcoin recover nearly 8% in under 24 hours.
Despite the weekend volatility, the crypto derivatives market held steady. According to CoinGlass, the move triggered $193 million in liquidations of long BTC positions — a modest shakeout relative to the $68 billion total open interest.
Meanwhile, traders are increasingly betting on interest rate cuts from the Federal Reserve. CME FedWatch data shows just an 8.4% chance the Fed will hold rates through November, down from 17.1% last week. The probability of a rate cut to 3.75% or below has surged to 53%.
Bitcoin’s hashrate did dip 8% between Sunday and Thursday — from 943.6M TH/s to 865.1M TH/s — sparking speculation about disruptions in mining operations, potentially linked to Iran-based miners. However, analysts pointed out that such drops are common during grid disruptions, like the Texas storms in April that temporarily slashed hashrate by 27%.
With oil prices falling and the S&P 500 gaining 1%, investors appear to be shifting back into risk assets. While some warn that it may be too early to price in a sustained rally, Bitcoin’s rapid recovery above the $100,000 mark suggests institutional demand remains strong, even amid global uncertainty.
$BTC #IsraelIranConflict
