Key Highlights:

• Bitcoin surged back above $106,000 after briefly dropping below $99,000 this week.
• Ether is currently trading around $2,400, with expectations of reaching $2,600 to $2,800 soon.
• The rise in Bitcoin has rekindled discussions regarding its role as a safe haven asset due to macroeconomic changes and the influx of ETF investments.

Bitcoin BTC is now trading above $106,000 after a dip earlier in the week. This recovery coincides with a ceasefire between Israel and Iran. Ether ETH saw a slight increase, trading at $2,400, while Dogecoin DOGE remains stable at around $0.165. Solana’s SOL dipped slightly, trading at $145.

Analyst Insights:

Ryan Lee believes the recent drop and subsequent recovery indicates caution among traders, despite steady ETF inflows amounting to $46 billion. He anticipates that Bitcoin could climb to between $110,000 and $115,000 by Q3, with the possibility of reaching $130,000 to $160,000 by year-end. Ether could see price improvements as well, potentially reaching as high as $5,500 in the long term.

This growing optimism reflects an overall improvement in risk sentiment within the market, with U.S. equity futures showing positive trends and reinforcing ETF-driven support.

Gadi Chait commented on Bitcoin’s evolving status as a safe-haven asset, noting its rebound from below $100,000 demonstrates its increasing liquidity and integration within broader investment portfolios.