$BTC
Bitcoin rose 1.86% to $107,358 after Trump Media filed for a Bitcoin-Ethereum ETF listing.
Ethereum surged 3.9%, boosted by its 25% allocation in the ETF and strong technical breakout above key levels.
Global markets reeled from Israel-Iran escalation, but crypto trading volume jumped nearly 16%, signaling renewed investor conviction.
Global financial markets ended a turbulent week marked by escalating tensions between Israel and Iran, with traditional assets experiencing significant volatility while cryptocurrencies demonstrated surprising resilience—all things considered.
Despite these geopolitical headwinds, the cryptocurrency market showed remarkable resilience. The total crypto market capitalization increased 2.21% to $3.36 trillion, with trading volume surging 35.17% to $110.32 billion. The Fear & Greed Index, which measures investor sentiment, sits at a neutral 50, reflecting a balance between caution over geopolitical risks and optimism driven by institutional developments.
Bitcoin demonstrated its evolving role as a non-correlated asset, climbing 1.86% to $107,358 over the past 24 hours despite the geopolitical turmoil. The catalyst today for crypto? President Donald Trump and his media group today followed through with plans to launch a joint Bitcoin and Ethereum ETF.
Adding fuel to the rally, Japanese investment firm Metaplanet executed a massive Bitcoin acquisition, purchasing 1,112 BTC for $117.2 million at an average price of $105,435. The purchase brings Metaplanet's total holdings to 10,000 BTC. CEO Simon Gerovich emphasized the strategic nature of the acquisition, with the company now targeting 210,000 BTC by 2027 as part of its "555 Million Plan."