TL;DR
- Bitcoin rose 1% to $62,700 and has gained 9% since the end of June, shrugging off U.S. airstrikes on Iran.
- Nasdaq 100 futures climbed 2.6% over the past 24 hours despite the military escalation. Markets are showing remarkable resilience.
- Crypto futures volume fell nearly 20% to $191 billion, while open interest remains stable near $106 billion.
Bitcoin rose 1% over the past 24 hours to $62,700, extending a bullish streak that places it 9% above its June closing price.
Bitcoin’s jump came in parallel with a broad recovery in risk assets, led by Nasdaq 100 futures, which climbed 2.6% even after the United States Central Command confirmed airstrikes on 90 military targets in Iran, carried out 24 hours after President Donald Trump declared the ceasefire over.
Markets Ignore the War: Bitcoin Holds Near $63,000
Beyond Bitcoin, markets saw initial selling on the escalation, but the recovery was swift. Ethereum added 0.25% to $1,755, while altcoins such as Lighter (LIT) and ether.fi (ETHFI) posted gains of 5.6% and 8.5% respectively, accumulating increases of around 35% since the start of the month. Ethena (ENA) climbed 5.6% from Wednesday’s lows, although the token has fallen more than 91% since September 2025.
Among the other major cryptocurrencies, BNB rose 1.1% and is trading around $569. XRP is quoted at $1.09 after climbing 0.9%. Solana posted a modest 0.4% gain to reach $77.5. TRON surpassed $0.33 with a 1% gain, as did DOGECOIN, which topped $0.072. On the other hand, HYPE fell 1.4% and is trading around $67 per unit.
Derivatives: Caution Amid Macroeconomic Volatility
The crypto futures market is cooling down. Volume over the past 24 hours fell nearly 20% to $191 billion, while open interest remains near $106 billion.
In Bitcoin’s case, the overnight session recovery was accompanied by a decline in open interest in futures denominated in dollars and USDT, which dropped from 272,000 to 266,000 Bitcoins, a divergence that reflects investors’ reluctance to take on leveraged positions in this macroeconomic environment.
BTC and ETH 30-day implied volatility indexes pulled back again, snapping a two-day upward streak. On Deribit, puts on both assets remain more expensive than calls across all timeframes, reflecting a defensive stance in the crypto market. The Altcoin Season indicator from CoinMarketCap rose one point to 47 out of 100, driven primarily by the performance of DeFi tokens.
