365int
The crypto world is holding its breath as tension rises in the Middle East.
Even with Israel’s strikes on Iran and Iran firing back with missiles, the Crypto Fear & Greed Index is still sitting in “Greed” territory. On Sunday, it scored 60—despite Bitcoin dropping 2.8% to $103,000 on Friday.
Before the blasts, the index was showing 71. So it’s cooled a little—but not panicking yet.
Bitcoin was close to smashing its all-time high of $111,970, last seen in May. As of now, it’s trading at $105,670. Not bad for a coin that just got caught in a global brawl.
Ether (ETH) took a bigger hit, falling almost 11% to $2,454 before bouncing back to $2,534.
Some traders seem oddly chill. One crypto analyst posted: “Bitcoin doesn’t seem to care about war (yet).” Another chimed in: “Bitcoin is relentless.”
Confidence is holding firm above the $100,000 line. That’s key—because if it drops below, $1.74 billion in long positions could go poof. (That’s investor bets that Bitcoin will rise.)
Meanwhile, Bitcoin ETFs are partying—bringing in $1.37 billion in just five days. Ether ETFs? Not so lucky. They ended a 19-day winning streak with $2.1 million flowing out.
Interesting note: This recent drop wasn’t as bad as back in April 2024 when Iran attacked Israel directly. Then, Bitcoin sank 8.4% in a single day. The Fear & Greed Index also fell from 72 to 43 in just two weeks.
Moral of the story? Bitcoin might have nerves of steel—but even steel can bend.
