WS #14920
Bitcoin is trading in a tight consolidation band between $84,000 and $87,500, with prediction markets showing strong conviction in a September close above $86,000. Despite the geopolitical turbulence in the Middle East, crypto assets are holding their value, suggesting that digital assets are currently being viewed as a stable store of value or hedge rather than a risk-off asset.
Bitcoin Consolidation
Bitcoin is trading in a tight consolidation band between $84,000 and $87,500, with prediction markets showing strong conviction in a September close above $86,000. Despite the geopolitical turbulence in the Middle East, crypto assets are holding their value, suggesting that digital assets are currently being viewed as a stable store of value or hedge rather than a risk-off asset.