[Evening News Brief] Analysis of the Impact of US-Iran Conflict on the Bitcoin Market

1. Analysis of the Impact of the U.S.-Iran Conflict on the Bitcoin Market

As the conflict between the U.S. and Iran continues, Bitcoin has recently shown weakness, and market analysts predict that if geopolitical tensions escalate further, BTC may test the support level of $60,000. Jeff May, COO of BTSE, stated that if oil and gas prices remain high in the short term, it could exacerbate concerns about economic growth slowing down, and in such a scenario, cryptocurrency prices may face additional downward pressure, with Bitcoin possibly falling to the $60,000 mark.

2. Trump’s Comments on the Hormuz Strait Tolls

President Trump commented on Iran’s plan to impose tolls on the Hormuz Strait, stating that the authenticity of this needs to be verified, but at the same time said that the U.S. could stop this very quickly.

3. Iranian Air Defense Forces Shoot Down MQ-9 Drone

Iran’s Islamic Republic News Agency reported on the 29th that the Iranian Army’s air defense forces shot down an MQ-9 “Reaper” drone east of the Hormuz Strait.

4. Escalating Tensions in the Middle East Lead to Surge in International Oil Prices

Due to the expansion of military conflicts in the Middle East and a weakening expectation for diplomatic solutions, market concerns about disruptions in crude oil supply have intensified, causing international oil prices to surge.

5. Senate Plans Confirmation Hearing for Federal Reserve Chair Nominee

It is reported that the U.S. Senate Banking Committee plans to hold a confirmation hearing for Federal Reserve Chair nominee Kevin Warsh as early as the week of April 13.

6. BlackRock Hiring Executive Director for Digital Assets

BlackRock is hiring an Executive Director for Digital Assets in New York. This recruitment is seen as part of BlackRock’s ongoing expansion of its digital asset business.

7. On-Chain Analyst Willy Woo Estimates Bitcoin Bottom

On-chain analyst Willy Woo indicated that based on existing on-chain models, Bitcoin’s potential bottom is estimated to be between $46,000 and $54,000.

8. Cryptocurrency Futures Market Liquidation Scale Report

In the past 24 hours, the entire cryptocurrency futures market experienced a liquidation totaling $73.1331 million. Among this, long positions accounted for $52.539 million in liquidations, while short positions accounted for $20.5941 million.

9. Large-Scale PYUSD Transfer at Paxos

115.94 million PYUSD (approximately $115.97 million) were transferred from Paxos to an unknown wallet. The large-scale transfer of stablecoins could indicate various possibilities, including exchange deposits and institutional fund reallocations, but no further information has been disclosed beyond the on-chain record.

10. El Salvador Continues to Expand Bitcoin Reserves

The Bitcoin Office under the government of El Salvador stated that the national strategic Bitcoin reserves have exceeded 7,600 BTC, totaling 7,605.37 BTC. The estimated value of their holdings is approximately $506 million.