365int
Bitcoin is dancing in the storm and still smiling. While missiles flew over the Middle East, BTC barely flinched.
Even with Israeli airstrikes hitting Iran, Bitcoin only dipped 3% before bouncing back to $105K. That’s strength.
From June 9 to 13, Bitcoin ETFs soaked up over $1.3 billion. Yep, five days in a row of green candles and fat inflows.
An analyst warned about the Strait of Hormuz. If that shuts down, energy prices might explode. That could shake things.
Still, Bitcoin looks ready for liftoff. It’s less than 6% from its May 22 all-time high of $112K. Rockets loading?
Why the excitement? USD is losing steam. The dollar index (DXY) just fell below 100—the lowest in over 3 years. When dollar goes down, Bitcoin often goes up.*
Meanwhile, legacy financial systems wobble under debt and global drama. Investors want out. Bitcoin, with its limited supply, looks like the escape hatch.
*Footing: The DXY (US Dollar Index) measures the dollar’s value against a basket of currencies.
