Bitcoin Surpasses $105,000 as Geopolitical Tensions Ease and Market Sentiment Improves

Following a brief decline in response to heightened tensions between the US and Iran, bitcoin has rebounded, surpassing $105,000 and lifting the broader market. The recent ceasefire announcement between Israel and Iran has contributed to the shift in market sentiment, although unconfirmed reports of renewed aggression introduce a note of caution. Additionally, the possibility of a rate cut next month and the consideration of crypto holdings in mortgage qualification processes are supporting the gain. Institutional demand is also on the rise, with ProCap Financial planning to go public and ETF inflows signaling long-term confidence in the market. The removal of 'reputational risk' from the US Federal Reserve's bank supervision program may further ease crypto banking restrictions, while traditional markets see the dollar index fall and gold prices drop. Key events to watch include the CoinDesk Policy & Regulation conference and token events, with market movements and technical analysis also worth monitoring.