It appears the world hasn’t ended just yet, and the crypto market is breathing a collective sigh of relief. As the Israel-Iran conflict continues to simmer rather than boil over, Bitcoin and its altcoin friends have decided to go on a bit of a rally.
Bitcoin, the granddaddy of them all, has jumped to a whopping $107,000, its highest point since June 12. The total market capitalization of all cryptocurrencies has also risen to a tidy $3.34 trillion. And, of course, some of the top gainers are tokens with names that sound like they were conjured up by a group of enthusiastic teenagers, such as Jito (JTO), SPX6900 (SPX), Hyperliquid (HYPE), and Kaspa (KASPA).
But why, you ask, is the crypto market suddenly so optimistic? Well, it seems that the U.S. stock market has rebounded, and crude oil prices have taken a bit of a tumble. Futures tied to the Dow Jones rose by 225 points, while those linked to the Nasdaq 100 rose by 175 points. And oil, that most volatile of commodities, dropped by over 1%.
It’s also worth noting that analysts seem to think the crisis in the Middle East will be contained, and not draw in other countries like Russia and China. A CMC Markets analyst told Bloomberg:
“The market currently anticipates a limited conflict, though there is little indication that hostilities will end quickly. It is expected that fighting will continue unabated this week, albeit on a limited scale.”
Because, you see, history has shown us that stocks and crypto prices tend to plunge after a major “black swan event” and then bounce back as fears subside. It’s a bit like the old adage: “buy on the sound of cannons, sell on the sound of trumpets.”
Take, for example, the time Bitcoin and most altcoins plunged in March 2020 after COVID was declared a global pandemic. They then bounced back afterward, because, well, humans are nothing if not resilient.
And then there was the time crypto prices plunged after Donald Trump’s Liberation Day speech, only to bounce back afterward. Bitcoin fell to $74,500 in April and then reached a new all-time high of $111,900 in May. Because, you know, Trump’s speeches are always good for a bit of drama.
But what’s really driving the crypto market’s optimism is the fact that investors are still accumulating Bitcoin. Michael Saylor’s Strategy bought 10,100 coins last week, bringing its total holdings to 592,100.
Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD
— Michael Saylor (@saylor) June 16, 2025
And let’s not forget that other companies and ETFs are also adding Bitcoin to their portfolios. Metaplanet has just passed the 10,000 mark in terms of Bitcoin holdings, while GameStop and Trump Media are in an accumulation mode. Because, you know, everyone wants a piece of the crypto pie.
Finally, crypto prices are also jumping in anticipation of the upcoming Federal Reserve decision on Wednesday. A dovish tone, especially after last week’s soft US inflation data, will be bullish for Bitcoin and most altcoins. So, buckle up, folks, it’s going to be a wild ride! 🚀
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2025-06-16 16:03