Bitcoin has raised its head again in the Iran-Israel tension.

Following Israel's attack on Iran, Bitcoin, which dropped to the level of 102 thousand dollars but then rose again strongly, has once again lifted its head this morning despite the ongoing tensions in the Middle East. The largest cryptocurrency remained within a narrow range of 104-105 thousand over the weekend, but this morning it has also surpassed 106,500 dollars.

Trump said, "Peace is coming" but…

There is currently no clear reason behind Bitcoin's seemingly small but significant rise. While U.S. President Donald Trump's peace words from yesterday raised hopes, it is stated that both Iran and Israel are reluctant to agree. Iran responded with, "We cannot make peace while we are under attack" during the mediation of the Gulf countries, while Israel does not intend to complete its operations without rendering Iran's nuclear infrastructure unusable.

Gold did not rise much

On the other hand, alongside Bitcoin's strong stance, it is also noticeable that gold has not risen much despite all the tensions. The precious metal has declined by 0.4% in the last 24 hours. Under the threat and claims of the closure of the Strait of Hormuz, oil prices continue to challenge the $75 mark.

Expectations from the Fed meeting are low...

On the other hand, the Fed meeting on Wednesday is eagerly awaited along with all these developments. Although the markets do not expect a surprise interest rate cut from the Fed, the statements made by the institution's chairman Powell in the short term will be very important. The CME Fed WatchTool, which measures market expectations, currently shows the probability of keeping interest rates unchanged at over 96%.

Bitcoin has exhibited a performance this year that correlated with stocks during certain periods and with gold in others, making it seriously difficult for analysts and economists to predict.

Published: June 16, 2025 09:59 Last Updated: June 16, 2025 10:03