📈 Bitcoin approaches $108,000 — what’s behind the surge?
Bitcoin is up nearly 3%, reaching $107,950, following news of a temporary truce between Israel and Iran, reportedly brokered by Donald Trump.
Markets reacted quickly — and crypto led the charge.
Additional drivers:
— NYSE Arca filed for a new BTC/ETH ETF (3:1 ratio);
— Guotai Junan received a crypto license in Hong Kong — its stock price doubled;
— Altcoins (ETH, SOL, XRP, DOGE) are also gaining, though more modestly.
🧠 I think:
— If the truce holds and the ETF is approved, Bitcoin could break through $110K in the coming days.
— But if the situation escalates again, we could see a pullback to $103–105K.
— For now, traders seem to be watching closely and moving cautiously.
📌Bitcoin once again shows how sensitive it is to global headlines. Regulatory progress and institutional momentum are keeping the bulls hopeful.