๐ฅ Bitcoin Bounces to $106K After Iran-Israel Jitters โ Circle Soars 13% Amid Retail Giant Interest ๐
The crypto market delivered a mixed performance today as global tensions and institutional moves collide.
๐น Bitcoin staged a modest comeback, rebounding to $106K after dipping to $102.6K on renewed Israel-Iran conflict fears. Despite the recovery, BTC remains 6% below its all-time high and down 1.6% in the last 24 hours.
๐น Circle (USDC issuer) stole the spotlight with a 13% surge, fueled by reports that Amazon and Walmart are exploring stablecoin integration, potentially opening the door to mass crypto adoption.
๐น Altcoins took a hit โ the CoinDesk 20 index dropped 4.4%, with ETH, AVAX, and TON all seeing 6โ8% declines.
๐น Crypto stocks remained mostly red, but Circleโs rally stood out after its recent IPO success.
๐น Market sentiment remains fragile due to ongoing geopolitical uncertainty, making traders cautious despite BTC hovering near record highs.
๐ While institutional adoption is heating up, macro risks and altcoin weakness could trigger further pullbacks. Stay sharpโvolatility isnโt going anywhere.
๐ง What to watch:
Stablecoin expansion by retail giants
Bitcoin's ability to hold above $100K
Ongoing geopolitical developments
