Despite rising geopolitical tensions between Israel and Iran, the cryptocurrency market sentiment remains notably robust, with the Fear and Greed Index sustaining a “Greed” rating at 60 as of the latest update. Bitcoin experienced a 2.8% decline on Friday, settling at approximately $103,000 following an explosion in Tehran, attributed to Israel, and subsequent missile retaliations by Iran. This volatility, however, has not significantly dampened investor confidence.
Market analysts emphasize Bitcoin’s resilience amid these developments, highlighting its ability to withstand external shocks. Crypto strategist Za noted that Bitcoin’s price action appears largely unaffected by the ongoing conflict, underscoring its role as a reliable barometer of market sentiment. Similarly, entrepreneur Anthony Pompliano praised Bitcoin’s steadfast performance, reinforcing its status as a durable asset in uncertain times.
Traders remain optimistic about Bitcoin maintaining its position above the critical $100,000 support level, which was recently reclaimed after a prolonged period. A breach below this threshold could escalate liquidation risks, particularly for long positions valued over $1.74 billion, signaling the importance of this price point in current market dynamics.