Bitcoin’s Price Fluctuations

Bitcoin’s price rose to over $106,000 hours ago, but the latest developments in the Middle East conflict and Trump’s threats against Iran pushed it down by over a grand.

Bitcoin Stopped at $106K

The primary cryptocurrency was riding high at the beginning of the previous business week as it pumped above $110,000 on several occasions by Wednesday. However, each attempt was met with an immediate rejection, pushing BTC south to under $106,000.

Although the bulls managed to recover some ground on Thursday, pushing bitcoin to $108,400, the escalating tension in the Middle East led to a price drop, driving the asset below $103,000.

In the following 48 hours, as attacks continued and Iran retaliated, BTC’s price showed some recovery and even jumped above $106,000 hours ago. However, after US President Trump threatened Iran with “the full strength and might of the US Armed Forces” if they retaliated, Bitcoin slipped once again but remains above $105,000. Its market cap is below $2.1 trillion, while its dominance over alts is at 61.7% on CoinGecko.

Alts React

Most alternative coins are slightly in the red on a daily scale. Ethereum is still above $2,500 after a minor decline, with similar price drops around 1% evident from DOGE, BNB, LINK, XRP, and SOL. HYPE has decreased the most among larger-cap alts, losing 5% of its value.

In contrast, Pi Network’s native token has jumped 5%, trading above $0.6 after the recent flash crash on Friday.

The top 100 alts have a new member; AB has skyrocketed by 20%, entering the biggest crypto club.

The total crypto market cap has decreased by about $20 billion since yesterday, now standing at $3.380 trillion on CoinGecko.