$BTC Bitcoin recently peaked at $118,800, a culmination of past economic news including unemployment claims, controversial speeches, tariff discussions, and Federal Reserve monetary policy debates. These intertwined factors influenced market volatility, but their immediate impact has now subsided.

Looking ahead, the current international situation presents significant risks. Escalating tensions between Iran and Israel, coupled with unexpected turmoil in the U.S. political scene, are potential catalysts for market risk aversion. Such events could trigger a capital outflow from the Bitcoin market. As cryptocurrencies are not considered reserve assets, the speculative forces that propelled Bitcoin's rise are likely to diminish. This could ultimately lead to Bitcoin's marginalization in the broader financial landscape.