Analysis: The crypto market seems to have digested the impact of the situation in the Middle East, and Bitcoin may retest its historical highs

2025/06/15 09:01

PANews reported on June 15 that according to Cointelegraph, despite the heightened geopolitical tensions after Israel launched a series of air strikes on Iran, the Fear and Greed Index, which tracks the overall cryptocurrency market sentiment, is still in the "greed" zone, and Bitcoin is close to retesting the all-time high of $111,970 set on May 22. Analysts said that Bitcoin does not seem to be worried about the conflict between Israel and Iran at the moment. Compared with the Iranian attack in April last year, the decline in Bitcoin prices this time is much smaller. Traders are confident that Bitcoin will remain above the psychological price of $100,000, but according to CoinGlass data, a fall below this price could result in more than $1.74 billion in long positions facing liquidation risks.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

73% of Youngsters Favour Bitcoin for Long-Term Investment Over Gold: Study

73% of Youngsters Favour Bitcoin for Long-Term Investment Over Gold: Study

A recent poll revealed that investors aged 24 to 45 see Bitcoin as a potential for “exponential upside” over gold. A survey of 730 Gen Z and Millennial investors by financial advisory giant deVere Group found that 73% of respondents preferred Bitcoin. According to deVere CEO, Nigel Green, Bitcoin and gold are not rivals but “ radically different assets ” and solve different problems. “Gold is stability. Bitcoin is growth. If you want to build and protect wealth over the long term, you should be holding both.” The survey aligns with several other studies that imply a seismic shift from traditional investments toward Bitcoin’s dominance as a safe-haven asset. For instance, on-chain analytics company CryptoQuant revealed in January that over 60% of cryptocurrency investors are aged between 25 and 44 years old. “The momentum behind Bitcoin among younger investors is undeniable ,” says Green. “They see it as digital gold – borderless, accessible, and aligned with the future.” Bitcoin Enthusiasm is Growing Younger investors view Bitcoin as a “cornerstone of modern portfolios,” the survey noted . The younger cohort gets attracted to transparency, portability, and potential for exponential surge. Respondents also said that Bitcoin’s operation outside the traditional banking system is a notable advantage. “This generation is right to question the old models. But diversification is timeless,” said Green. Last week, the CEO of Bitwise Asset Management, Hunter Horsley, posted on X, comparing Bitcoin to US Treasuries, rather than gold. “I don’t think Bitcoin’s competition is going to end up being gold,” he wrote. “Rather, I think Bitcoin’s competition is going to end up being U.S. Treasuries and other governments’ bonds.” I don't think Bitcoin's competition is going to end up being gold. They're both apolitical stores of value. Gold lower vol, Bitcoin higher vol. Investors seeking apolitical SOVs will like both. Rather, I think Bitcoin's competition is going to end up being U.S. Treasuries and… — Hunter Horsley (@HHorsley) June 20, 2025 Gold, Bitcoin Together Offer Balance According to Nigel Green, having uncorrelated assets in portfolios is a pathway for building true resilience. “Gold and Bitcoin together offer that balance,” he said. He also stressed that Bitcoin is moving toward broader acceptance, particularly after spot ETFs and broader corporate adoption, adding legitimacy and fresh demand. “We’re living through a rare convergence,” Green added. “You have the old guard doubling down on gold, and the new guard surging into Bitcoin. Both are being driven by the same core fear: erosion of purchasing power. That should be a wake-up call.”
Share
CryptoNews2025/06/23 09:34