$BTC Bitcoin recently hit a peak of $118,800, a result of various past economic developments, including unemployment data, controversial speeches, tariff debates, and discussions on Federal Reserve monetary policy. While these factors contributed to its rise, their immediate influence has now diminished.

Looking ahead, the current international landscape presents considerable risks. Heightened tensions between Iran and Israel, coupled with unforeseen turmoil in the U.S. political scene, could trigger market risk aversion. This scenario would likely lead to capital outflow from the Bitcoin market. Since cryptocurrencies are not recognized as reserve assets, the speculative momentum that has fueled Bitcoin's ascent is expected to decrease, potentially leading to its marginalization within the broader financial system.