Geopolitical Tensions Escalate, Safe-Haven Assets See Significant Inflows
In the early morning of the 13th, Israel launched an airstrike on Iran, significantly escalating the Middle East geopolitical situation, with a dramatic market reaction. The "safe-haven investment wave" once again swept across the global market, with U.S. Treasury bonds, gold, and crude oil rising. Oil surged over 10% at one point, gold broke through $3,400, with a daily increase of over 1.68%. Risk asset prices collectively declined. BTC price dropped over 3% at one point, falling below $103,000, while ETH dropped approximately 6.9%.
Currently, BTC has a relatively obvious support level at $101,000, but short-term crypto asset prices may still be dominated by geopolitical news. The market is still waiting for more geopolitical information and potential Iranian response. If traders choose to significantly reduce risk asset allocation before the weekend, risk sentiment could further deteriorate.
Crypto IPOs Intensively Prepared, Wall Street May Support BTC Maintaining High Levels
Data shows multiple crypto enterprises are preparing for listing, and the strong BTC market not only sparks strong investor interest but also brings considerable consulting revenue for investment banks.
12 U.S. enterprises might become the next IPO candidates. Circle and Galaxy Digital have already completed their listings. Two other crypto exchanges—Bullish and Gemini—have reportedly submitted IPO applications, with market valuations of $13.5 billion and $10.5 billion respectively. Kraken is expected to launch its IPO process in Q4 2025 or Q1 2026, with a potential valuation of $16.2 billion. Given Kraken and Circle's similar 2024 revenue expectations, this valuation roughly matches Coinbase's current revenue multiple.
Although some funds might have been allocated to BTC ETF or other crypto assets, this IPO wave is reshaping market structure: absorbing liquidity on one hand, and expanding investor exposure to the crypto ecosystem, thereby providing some support for BTC price.
Last Friday, Bitcoin approached the $100,000 mark, with initial market signs already emerging. Strong demand for Circle stock helped Bitcoin rebound strongly, breaking through the $106,000 technical resistance. However, with geopolitical situation developments and the market entering a relatively calm summer period, short-term market oscillation cannot be ruled out. As Wall Street actively prepares more crypto-related IPOs, BTC is expected to continue benefiting from increased media and investor attention.
Disclaimer: Markets involve risks, investment requires caution. This article does not constitute investment advice. Digital asset trading may involve significant risks and instability. Investment decisions should be made after carefully considering personal circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.
