According to The Block, Bitcoin is trading above $81,000 on Monday, briefly clearing $82,000 earlier in the session and sustaining a monthly gain of over 11%, as geopolitical uncertainty rather than fundamentals drives market direction. Iran rejected the Trump administration’s peace framework, while Brent crude surged past $104 in early trading amid Strait of Hormuz supply concerns.
A whale carrying roughly $1 billion each in Bitcoin and Ethereum sold heavily into ETH throughout the week, driving Ethereum’s underperformance against Bitcoin. ETH was trading around $2,335, up 4.5% over the past month compared to Bitcoin’s double-digit gains. Digital asset investment products drew $857.9 million last week in a sixth consecutive positive week, led by Bitcoin, according to CoinShares.
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