- Bitcoin is trading at $105,590, up 0.15% after reclaiming support following geopolitical volatility..
- Bitwises Jeff Park says younger generations view owning one bitcoin as a modern replacement for traditional wealth goals.
Bitcoin (BTC) is holding firm above $105,000 after recovering from a sharp downturn triggered by escalating tensions in the Middle East. The leading cryptocurrency dropped below $104,000 following Israels strike on Iran, but quickly regained lost ground, now trading at $105,590, up 0.15% in the past 24 hours.
Bitcoins swift rebound suggests underlying strength, with high-volume buying visible during the dip. Analysts point to the $104,000$105,000 range as an important zone of support, as price action continues to grind upward. Sentiment remains cautious reflected in a pullback in trader confidence but structurally, bitcoins trend remains intact.
Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersBeyond near-term volatility, bitcoin continues to capture the imagination of a younger generation of investors. In a recent episode of the Unchained podcast, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, described how bitcoins appeal increasingly transcends traditional financial goals.
According to Park, many younger people no longer aspire to own suburban homes or pursue the white-picket-fence ideal. Instead, theyre focused on becoming "wholecoiners" those who own at least one full bitcoin as a new form of prestige and long-term security. For some, the goal even extends beyond personal wealth to securing a financial legacy across generations, reflecting the popular meme of "retiring your bloodline."
Park added that bitcoins global, apolitical nature is central to this shift. It offers a shared value system, allowing people worldwide to "opt out" of systems they no longer trust. That sentiment is fueling a cultural pivot: bitcoin is no longer just a hedge or speculative asset, but for many, it has become a social signal of financial independence and self-sovereignty.
As BTC holds above $105K and macro catalysts loom, the contrast between short-term fear and long-term conviction has rarely been sharper.
Technical Analysis Highlights
- BTC traded between $104,480.15 and $105,696.12, closing near $105,590, up 0.15%, according to CoinDesk Research's technical analysis model.
- Support was reinforced in the $104,400$104,500 zone, with high-volume accumulation during the 16:0020:00 GMT window.
- A bullish reversal followed at 21:00, driving BTC above $105,000 on strong volumeIntraday breakout occurred at 02:01, with price jumping from $105,486 to $105,550 on elevated activity.
- Consolidation above $105,470 suggests further upside potential toward $106,000, pending sustained demand.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.
We and our 907 partners store and access personal data, like browsing data or unique identifiers, on your device. Selecting Accept enables tracking technologies to support the purposes shown under we and our partners process data to provide. If trackers are disabled, some content and ads you see may not be as relevant to you. You can resurface this menu to change your choices or withdraw consent at any time by clicking the Manage Preferences link on the bottom of the webpage . Your choices will have effect within our Website. For more details, refer to our Privacy Policy.Privacy Policy Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised advertising and content, advertising and content measurement, audience research and services development.
About Your Privacy
We process your data to deliver content or advertisements and measure the delivery of such content or advertisements to extract insights about our website. We share this information with our partners on the basis of consent and legitimate interest. You may exercise your right to consent or object to a legitimate interest, based on a specific purpose below or at a partner level in the link under each purpose. These choices will be signaled to our vendors participating in the Transparency and Consent Framework.
Privacy Policy
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Cookies, device or similar online identifiers (e.g. login-based identifiers, randomly assigned identifiers, network based identifiers) together with other information (e.g. browser type and information, language, screen size, supported technologies etc.) can be stored or read on your device to recognise it each time it connects to an app or to a website, for one or several of the purposes presented here.
With your acceptance, your precise location (within a radius of less than 500 metres) may be used in support of the purposes explained in this notice.
With your acceptance, certain characteristics specific to your device might be requested and used to distinguish it from other devices (such as the installed fonts or plugins, the resolution of your screen) in support of the purposes explained in this notice.
Your data can be used to monitor for and prevent unusual and possibly fraudulent activity (for example, regarding advertising, ad clicks by bots), and ensure systems and processes work properly and securely. It can also be used to correct any problems you, the publisher or the advertiser may encounter in the delivery of content and ads and in your interaction with them.
Certain information (like an IP address or device capabilities) is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.
The choices you make regarding the purposes and entities listed in this notice are saved and made available to those entities in the form of digital signals (such as a string of characters). This is necessary in order to enable both this service and those entities to respect such choices.
Information about your activity on this service may be matched and combined with other information relating to you and originating from various sources (for instance your activity on a separate online service, your use of a loyalty card in-store, or your answers to a survey), in support of the purposes explained in this notice.
In support of the purposes explained in this notice, your device might be considered as likely linked to other devices that belong to you or your household (for instance because you are logged in to the same service on both your phone and your computer, or because you may use the same Internet connection on both devices).
Your device might be distinguished from other devices based on information it automatically sends when accessing the Internet (for instance, the IP address of your Internet connection or the type of browser you are using) in support of the purposes exposed in this notice.
