Bitcoin Holds Above $104K Despite 20% Drop — Eyes on the Dollar
Price Update: Bitcoin rose slightly (+0.1%) in the past 24 hours to approximately $104,584, although it remains about 7% below last month's all-time high.
Geopolitical Context: Despite rising tensions in the Israel–Iran conflict, BTC has not acted as a safe-haven asset, underperforming traditional haven expectations.
Market Drivers: Analysts warn that Bitcoin's next moves depend heavily on the U.S. Dollar Index, which is falling due to tariff concerns—continued weakness in the dollar could trigger a BTC rally.
Federal Reserve Outlook: The Fed recently signaled a hawkish pause—no more interest hikes for now—but maintained vigilance on inflation, contributing to mixed emotions in crypto markets.
