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Welcome to the US Crypto News Morning Briefing

Your essential rundown of the most important developments in crypto for the day ahead is right here. Ensure you have your coffee ready as we delve into the latest updates on the market, particularly focusing on Bitcoin (BTC). In the face of escalating geopolitical tensions, the premier cryptocurrency continues to face uncertainty, and recent developments are anticipated to drive market volatility.

Crypto News of the Day: Iran Strikes Israel’s $475 Billion Stock Market, But TA-125 Rallies

In our previous US Crypto News publication, we emphasized the resilience of the S&P 500 in light of rising geopolitical tensions. We now turn our attention to a significant recent event: Iran’s assault on Israel’s economic infrastructure, specifically targeting the Stock Exchange building in Tel Aviv, which serves as a retaliatory measure against Israel’s sizable capital market valued at $475 billion.

“The Israeli Stock Exchange building in Ramat Gan, east of Tel Aviv, was hit during Iran’s latest missile attack,” reports indicated.

In a simultaneous show of aggression, Israeli-linked cyberattacks have targeted Iran’s banking system, reportedly destroying digital assets worth tens of millions.

BeInCrypto has published insights about how this financial market clash has become a new battlefield in the Israel-Iran conflict, with blockchain technology representing one front of this evolving war landscape.

“And the market’s reaction? It wasn’t organic. It was engineered calm. Liquidity backstopped. AI algorithms throttled. Panic suppressed. Why? Because this isn’t just war. It’s controlled demolition. A financial power shift wrapped in the theatrics of missiles and speeches. Watch the money, not the headlines. The markets know what’s coming,” one observer remarked.

In a surprising turn of events, amidst the chaos, markets have rallied, with the TA-125 index achieving a remarkable 52-week high on the same day. The TA-125 surged by over 0.53% immediately following these incidents, a noteworthy feat amid substantial political uncertainty.

The TA-125 is essential as it serves as a barometer for the stock market in Israel, tracking the performance of the 35 largest and most actively traded companies listed on the exchange.

On a parallel note, Ray Yossef, CEO of NoOnes and former CEO of Paxful, shared insights with BeInCrypto regarding Bitcoin’s position. He noted that the cryptocurrency remains stuck in a narrow range around $105,000, despite the geopolitical tumult. Remarkably, daily volatility has stayed under 2.1%, with no signs of panic selling observed.

“Bitcoin no longer appears to function as a hedge asset; instead, it behaves more like a high-beta tech stock, caught in the macro winds but not really steering its own ship. The link between BTC and the Nasdaq 100 is still strong at 0.68,” Yossef elaborated in a statement to BeInCrypto.

Bitcoin’s Current Strength Is Not Just Technical but Structural, Analysts Say

Bitcoin has impressively maintained its position above the critical $100,000 threshold for over 40 days. This resilient performance comes against a backdrop of rising geopolitical tensions and cautious signals from central banks, showcasing its enduring strength.

According to analysts, macroeconomic and institutional forces are converging to support Bitcoin’s stature as a long-term treasury asset in these challenging times.

This notion aligns with earlier assertions from Robert Kiyosaki, who has been an advocate for Bitcoin among other assets, as discussed in a recent issue of US Crypto News.

“Despite the ongoing conflict between Israel and Iran, Bitcoin has remained incredibly resilient over the past week. BTC’s recent strength isn’t just a testament to its resilience or its appeal as a safe-haven asset, but also emphasizes its growing status as an alternative to the devaluing US dollar,” Elliot Johnson, CEO of the Bitcoin Treasury Corporation (BTCT), articulated in conversation with BeInCrypto.

Further supporting this sentiment, Johnson highlighted the impact of institutional interest, pointing out that corporations and governments are investing heavily into Bitcoin, with Michael Saylor leading this trend through his recent $1.05 billion investment. No wonder then that Bitcoin remains firmly above the $100,000 mark.

Nic Puckrin, founder of The Coin Bureau, resonates with this sentiment, emphasizing that the $100,000 price point is rapidly being established in investors’ minds as an entrenched base price, rather than merely a point of support.

“Any retail investor panic selling now is becoming exit liquidity for institutional buyers,” Puckrin remarked.

On the macroeconomic front, markets have been reassured due to the Fed’s latest dot plot, which forecasts two rate cuts by 2025. Puckrin believes that an influx of liquidity is imminent, and once it arrives, Bitcoin will emerge as the primary beneficiary of this surge.

As of this writing, Bitcoin was trading around $104,708, indicating a modest rise of 0.5% over the past 24 hours.

Chart of the Day

Byte-Sized Alpha

Here’s a brief summary of additional US crypto news to keep an eye on today:

Crypto Equities Pre-Market Overview

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Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to verify facts independently and to consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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