Bitcoin Holds Above $100K Amid US Airstrikes, Gulf Tensions

Recent U.S. airstrikes on Iran's nuclear sites and Iran's threats to close the Strait of Hormuz have sparked concerns about potential disruptions to global oil supply, with fears that crude prices could surge to $130 per barrel. Despite these tensions, oil prices have remained relatively stable, with Brent crude hovering around $72 to $77 per barrel and West Texas Intermediate showing similar muted gains, reflecting market skepticism about Iran's intent or ability to block the crucial shipping route. This stability has contributed to a positive risk sentiment in financial markets, with Bitcoin demonstrating resilience by trading above $101,000 and even bouncing back strongly from recent lows, supported by increased trading volume and correlation with traditional markets like the S&P 500. Analysts highlight that Iran risks alienating key allies like China by disrupting oil flows, which partly explains the subdued market reaction. Bitcoin's steady performance amid geopolitical uncertainty reinforces its growing role as a safe-haven asset and an inflation hedge, appealing to investors navigating global instability. The situation underscores the complex interplay between geopolitical events, commodity markets, and cryptocurrency dynamics in 2025.