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▲ Iran, U.S., Bitcoin (BTC) / AI-generated image
The virtual asset market, including Bitcoin (BTC), is in a state of flux after U.S. President Donald Trump mentioned the possibility of the Iranian regime's collapse and the reopening of the Strait of Hormuz.
According to cryptocurrency media outlet Cointelegraph on April 28 (local time), President Trump diagnosed that the Iranian economy is collapsing internally. He claimed that Iran wants to reopen the Strait of Hormuz to survive. These remarks raised expectations for de-escalation of Middle East tensions while also introducing new uncertainties. Global investors are paying attention to the impact of changes in the Middle East situation on asset prices.
Immediately after the president's remarks, Bitcoin's volatility increased, centering around the $80,000 mark. At the crossroads between war and peace, Bitcoin's price is fluctuating between being a risk asset and a safe-haven asset. Investors are closely watching whether oil price stability will create a favorable environment for the market. Virtual asset analysis platform Santiment is analyzing the movement of volume within exchanges due to this incident in real-time.
Technically, Bitcoin is engaged in a fierce battle near the 23.6% Fibonacci retracement line. For the price to decisively break the $80,000 resistance level, geopolitical risks must first be resolved. Large investors, known as whales, have moved over 1,500 BTC, taking advantage of the turmoil. This movement indicates an expectation of long-term price increases despite short-term uncertainty. A large-scale flow of funds has been detected during the process of changing market structure.
Major altcoins, including XRP and Shiba Inu (SHIB), have also synchronized with Bitcoin's trend. XRP appears to be responding to potential changes in demand for international remittances. Shiba Inu is showing high volatility, characteristic of memecoins, demanding investors' attention. The overall investor sentiment index for the virtual asset market currently remains neutral. This is a time when the Federal Reserve's monetary policy and the situation in the Middle East are interacting in complex ways.
President Trump's hawkish foreign policy, coupled with the processing of the U.S. cryptocurrency market structure bill (CLARITY), presents a complex picture. News from the Middle East, emerging as regulatory clarity is being established, has become a new variable in the market. Investors are calculating the impact that the actual resumption of oil transportation will have on market liquidity. Bitcoin continues its struggle to establish new price defense lines amid the turbulence of global affairs.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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