Bitcoin Shows Strength Despite Global Tensions
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Even amid rising geopolitical tensions in the Middle East involving the United States, Israel, and Iran, Bitcoin has shown notable resilience. Ryan McMillin, chief investment officer at Merkle Tree Capital, said Bitcoin’s ability to remain strong during global uncertainty is helping restore confidence among traders.
McMillin also pointed to growing institutional momentum, highlighting major purchases from Strategy, which reportedly bought nearly 18,000 Bitcoin last week and added more this week. Combined with cooling inflation and potential regulatory clarity in the US, analysts believe these factors could create momentum that pushes Bitcoin toward $80,000 as short sellers face increasing pressure.