Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Bitcoin firmed on Monday, recovering from a recent dip triggered by escalating tensions in the Israel-Iran conflict, which had briefly pushed the cryptocurrency to a one-week low. The world’s largest cryptocurrency rose 0.5% to $106,581.80 by 01:55 ET (05:55 GMT), after falling to $102,000 over the weekend.
Broader crypto markets also followed Bitcoin’s recovery, with other major cryptocurrencies tracking similar gains, although overall risk appetite remained under pressure due to the ongoing geopolitical unrest between Israel and Iran.
Israel-Iran Conflict and Federal Reserve Meeting Impact Crypto Sentiment
Crypto markets, known for their sensitivity to shifts in sentiment, are expected to remain cautious this week, as the Israel-Iran conflict shows little sign of de-escalation. The renewed military action was sparked by Israel’s strikes on several Iranian targets, including nuclear facilities. In retaliation, Iran launched a series of missile strikes on major Israeli cities, including Tel Aviv.
U.S. President Donald Trump expressed that efforts to de-escalate the situation were underway, but indicated that Israel and Iran may have to “fight it out” before a ceasefire could be reached. The escalation also led Iran to cancel scheduled nuclear talks with the U.S., further increasing uncertainties over a potential resolution.
In addition to the geopolitical concerns, crypto traders are expected to adopt a more risk-averse stance ahead of the Federal Reserve’s meeting on Wednesday. While the central bank is widely expected to keep interest rates unchanged, investors are focused on comments from Federal Reserve Chair Jerome Powell for insights into the future direction of U.S. monetary policy.
Trump’s Wealth from Crypto and Other Ventures
In separate news, President Donald Trump reportedly earned more than $600 million in 2024 from various ventures, including cryptocurrency, gold clubs, and licensing deals. Crypto, in particular, was said to have played a significant role in his wealth accumulation, with an estimated $57.35 million income from token sales at his World Liberty venture. Trump’s crypto holdings, though not fully disclosed, have been criticized for potential conflicts of interest, as policy shifts under his administration have positively influenced crypto markets this year.
Altcoins Follow Bitcoin Higher, Still Rangebound
Broader cryptocurrency markets advanced in tandem with Bitcoin but remain within a recently established trading range, as market participants remain on edge due to the ongoing geopolitical tensions.
- Ethereum (ETH), the second-largest cryptocurrency, rose 2.7% to $2,603.70.
- XRP gained 1.3%, trading at $2.1815.
- Cardano (ADA) rose 2.1%, and Solana (SOL) surged 6.9%.
Among meme tokens, Dogecoin (DOGE) added 0.7%, while $TRUMP rose 1.1%.
While Bitcoin and broader crypto markets have regained some ground after a sharp dip over the weekend, they remain sensitive to ongoing geopolitical tensions and the upcoming Federal Reserve meeting. The uncertainty surrounding the Israel-Iran conflict and the potential for broader market disruptions continue to weigh on investor sentiment, keeping the crypto market in a relatively cautious stance.
