Bitcoin's Price Fluctuations Amidst Geopolitical Tensions and Fed Meeting Anticipation

Edited by: Elena Weismann

In response to President Trump's call for the evacuation of Tehran, gold and oil prices surged, yet Bitcoin's reaction was delayed. This occurred on Tuesday morning, according to CoinDesk.

Bitcoin experienced price fluctuations. It rose above $108,000 on Monday morning but later fell to $106,500 due to profit-taking. However, buying activity pushed prices above $107,000 in the Asian morning hours on Tuesday. (Source: CoinDesk, Date: Tuesday)

Over the past week, BTC ETFs saw $1.4 billion in net inflows. Ether (ETH) increased by 1.5% over 24 hours to $2,609, while Solana's SOL and Tron's TRX rose by 1.5% and 2.1% respectively. (Source: CoinDesk, Date: Tuesday)

The market is anticipating the U.S. Federal Reserve meeting this week. Markets are overwhelmingly pricing in a hold from the Fed. Attention will be focused on the tone and language of Chair Powell's comments, particularly regarding inflation and tariffs. (Source: CoinDesk, Date: Tuesday)

Sources

  • CoinDesk

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