Bitcoin fell back to $66,700 as traditional markets opened to their first chance to price the weekend’s military escalation, with oil surging to $77 and Asian equities dropping 1.4%.
Traders lean into supply compression stories in altcoins as Hyperliquid ramps up token burns and Jupiter freezes new emissions, even as bitcoin churns between $60,000 and $69,000 with muted flow.
At the iConnections conference in Miami this week, allocators signaled digital assets are now a core sleeve in alternatives.
Solana led major tokens with a 10.8% bounce, while ether reclaimed $2,000 and bitcoin climbed back above $66,800 ahead of traditional futures opens on Sunday.
A prediction market about military strikes on a sovereign nation now sits alongside presidential election bets as one of the most-traded contracts the platform has ever hosted.
The death of Iran’s supreme leader opens the door to regime change, and markets are pricing in a shorter period of tension.
Bitcoin’s future hinges less on technological factors and more on how AI affects growth, employment, real interest rates, and central bank liquidity, NYDIG Research argues.
JPMorgan said the long-awaited Clarity Act would bring regulatory clarity, boost institutional participation and accelerate tokenization across U.S. crypto markets.
The drop extends a pattern where bitcoin sells off on geopolitical shocks before recovering, as the token’s 24/7 liquidity makes it one of the few large assets traders can exit over the weekend.
The pullback erased most of Wednesday’s push toward $70,000 as hot producer-price data and a post-earnings Nvidia decline dragged risk assets lower heading into the weekend.
Nine lawmakers asked the federal agencies to investigate the global crypto exchange after reports of potential funding channeled to terrorist groups.
Ryan VanGrack says states are misrepresenting federal law as they move to block prediction markets.