Bitcoin Maintains $100,000 Level for Six Weeks Amid Israel-Iran Tensions, Expanding Hedge Demand

Bitcoin (BTC) has maintained the psychologically significant $100,000 level for over five weeks amid escalating tensions in the Middle East and growing uncertainty in the macroeconomic environment. Its robust performance, despite stagnation in other financial markets, is seen as reaffirming its role as a macro hedge asset. Elliott Johnson, CEO of Bitcoin Treasury Corporation, in an interview with The Block, pointed out that despite the Israel-Iran conflict and the Federal Reserve's cautious stance, Bitcoin has shown strength. He stated that the $100,000 level has been 'firmly' established, highlighting its function as a hedge against the weakening dollar and as a long-term financial asset...