Bitcoin rose by 1.2% on Thursday to reach $63,000. Nasdaq futures were not left behind, with a jump of 2.6%, and the markets seem little disturbed by the news of renewed US airstrikes on Iran
Bitcoin rose by 1.2% on Thursday to reach $63,000. Nasdaq futures were not left behind, with a jump of 2.6%, and the markets seem little disturbed by the news of renewed US airstrikes on Iran. Does this apparent indifference reflect a new maturity of the crypto market in the face of geopolitical crises?
On Wall Street as well as in crypto markets, the news could have chilled the mood. Ninety Iranian military targets hit in one night, a ceasefire declared null by Donald Trump twenty-four hours earlier: enough to fuel a wave of panicked selling. However, on Thursday morning, the market preferred to look elsewhere.
Your 1st cryptos with BitpandaThis link uses an affiliate program.Bitcoin rose by 1.2% since midnight UTC to settle at $63,000. Ether followed, more timidly, with a gain of 0.75% at $1,755. This movement followed the trend of the US stock market: Nasdaq 100 futures climbed 2.6% in twenty-four hours, despite the escalation between Washington and Tehran.
Markets initially fell sharply at the announcement of the strikes. They then recovered, extending a rising phase that started in early July. Bitcoin now shows a gain of 9% compared to the monthly close of June. The dollar and oil also reacted strongly to tensions in the Middle East.
Lighttwurst tokens (LIT) and ether.fi (ETHFI) led gains on Thursday, with respective increases of 5.6% and 8.5% since midnight UTC. Over a full month, their growth reaches about 35%, a pace clearly above that of the rest of the market.
Ethena (ENA) also showed signs of strength, with a gain of 5.6% from its Wednesday low. The token remains fragile, however: it still shows a decline of more than 91% from its peak in September 2025. Investors largely deserted this DeFi yield platform since last year.
The WLFI, linked to the Trump family, fell 0.5% Thursday despite the general rebound. Like ENA, it remains about 90% below its all-time high. The Altcoin Season indicator from CoinMarketCap gained only one point to reach 47 out of 100. Investors thus remain cautious as long as the major cryptos have not confirmed a clearer recovery.
The crypto futures market is marking a notable pause. The volume traded over twenty-four hours fell nearly 20% to $191 billion. Open interest, meanwhile, barely moved, still anchored near $106 billion.
Bitcoin’s rebound was accompanied by a decline in open positions on the main contracts denominated in dollars and USDT. They fell from 272,000 to 266,000 BTC, a divergence illustrating investors’ reluctance to take significant risks in such an unstable macroeconomic environment.
On Deribit, put options remain more expensive than call options on bitcoin and ether, a signal betraying persistent fears of a decline.
Another signal deserves attention: open interest on futures contracts for the CC token of Canton Network increased for the third consecutive day, reaching 271 million tokens. This level had not been seen since May 31. It coincides with a continuous price drop of the token, indicating an influx of bearish bets rather than renewed confidence.
In short, bitcoin goes through this new geopolitical escalation without losing significant ground, supported by momentum started in early July. However, caution in derivative positions and stagnation of the Altcoin Season show that investors remain on their guard.
