Bitcoin quickly recovered to mid-$64,000 levels after experiencing volatility during U.S. and Israeli strikes on Iran over the weekend. The price swings occurred during low-liquidity hours, and market attention is now shifting to upcoming ETF flows data that could determine Bitcoin's next direction.
Despite the existence of faster blockchain alternatives, institutional investors continue to prefer Ethereum primarily due to its superior liquidity position. According to Kevin Lepsoe of ETHGas, traditional finance institutions prioritize liquidity over technical performance metrics like transactions per second.
A Trump family-linked stablecoin USD1 launched a live reserve tracker following a de-pegging incident. However, analysts warn that the transparency dashboard doesn't address the protocol's fundamental operational security issues or ensure asset liquidity during market stress.
Bitcoin dropped near $63,000 following U.S. and Israeli strikes on Iran, continuing a pattern where the cryptocurrency sells off during geopolitical shocks before recovering. The selloff occurs due to bitcoin's 24/7 liquidity making it one of the few large assets traders can exit during weekends when traditional markets are closed.
Hyperliquid (HYPE) has proposed HIP-6, a significant upgrade that would enable permissionless, on-chain token launches through continuous clearing auctions adapted from Uniswap's model. The proposal aims to address current gaps in capital formation and price discovery for new token launches on the platform.
Ethereum faces volatility around the critical $2,000 level, with Binance holding 2.4 million ETH in illiquid supply that's helping absorb market volatility. The $2,000 level serves as a psychological battleground rather than confirmed support, with limited conviction in current price stabilization.