Bitcoin Price Warning: This Week Will Be Eventful As War Enters Second Month

Just a month ago, the United States and Israel launched joint military strikes against multiple locations in Iran, including the elimination of the country’s top leader, in what appeared to be a swift and limited operation.

However, U.S. optimism has not translated into actual results. Iran has rejected the ceasefire proposal, and the situation has become more complicated than the US government’s speech suggested.

A fateful 48 hours:

The impact of this conflict transcends the region’s borders and affects the entire global economy.

Oil prices experienced sharp increases and then similar declines, closing above $100 a barrel on Friday.

Meanwhile, the S&P 500 fell to its lowest level in months, while the 10-year Treasury yield approached the 4.5% mark.

The “Kobeissi Letter” account on the X platform believes that the US government is forced to immediately curb the bond market, and they expect extreme volatility over the weekend.

According to the analyst’s estimate, if there is no progress in peace talks or resolving the energy crisis before futures contracts open on Sunday night, it will push the 10-year bond yield above 4.50% next week.

The price isBitcoin is in the crosshairs of volatility:

Bitcoin’s price has not been immune to the turmoil. It rose from $63,000 to $76,000, gaining around $13,000 before losing momentum and falling below $66,000.

As the only asset that trades 24/7, it is the most responsive to weekend events, as demonstrated last month, with its volatility doubling every time the futures market opens.

Currently, Bitcoin price has rebounded above $66,000, but is still recording a weekly decline of approximately 6% and may continue to fluctuate in the coming days.

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