Despite ongoing geopolitical tensions in the Middle East, Bitcoin’s price has remained relatively stable, hovering around 146 million won. Market observers suggest this stability indicates a growing confidence in Bitcoin amidst global uncertainty. Experts note a decrease in Bitcoin’s price volatility.

As of 11 am today, Bitcoin was trading at 146.26 million won, a slight decrease of 0.04% from the previous day.Upbeat saw a marginal increase of 0.2%, reaching 146.28 million won. In overseas markets, Bitcoin was valued at $ 10,5902, up 0.29% from yesterday.

Following Israel’s raid on Iran on April 13th, Bitcoin experienced a dip to $ 103,000 but quickly rebounded over the weekend to recover to $ 105,000. Other major altcoins, including Ethereum and Solana, also saw positive movement. Ethereum is currently trading at $ 2575,up 1.52% from the previous day, while Solana is at $ 156.46, marking a 7.39% increase.

Market Sentiment and Expert Analysis

Market experts are offering cautious but optimistic evaluations of Bitcoin’s recent performance. The founder of Philip La Pong Kotuu Management told CNBC that “Bitcoin has risen by about 13% this year, and price volatility is gradually decreasing.” He added,”Bitcoin’s market cap is still only $ 2 trillion,so there is a lot of room for growth as a core asset.”

Bloomberg reported that Bitcoin spot ETFs experienced net inflows for five consecutive days as of April 13th, totaling approximately $ 1.3 billion. This suggests that institutional investors are strategically purchasing Bitcoin, influencing market dynamics.

“bitcoin has risen by about 13% this year,and price volatility is gradually decreasing.”

However, some analysts caution about limited buying pressure and potential downward risks. Cryptopotato stated, “The stability tax is maintained without the inflow of new funds, and the possibility of adjustment is open.”

The ‘Horror and Greeding Index‘, a measure of market sentiment, remains in the ‘greed’ zone at 61 points, slightly higher than the previous day.