I just checked butcoin and it’s hovering around $80K, but things have gotten turbulent these days. Wednesday’s rally on the ceasefire is unraveling faster than it rose, with cracks appearing within 48 hours. The Strait of Hormuz remains effectively closed despite the promises, and Brent crude rebounded to nearly $97 after dropping more than 10% on its worst day in six years.

What’s interesting is that butcoin managed to hold above $70K during Thursday’s volatility—something that hadn’t happened in six weeks of war. It went from $67K to $72.7K with the ceasefire, and now it’s consolidating in the upper end of the $65K-$73K range that has contained everything since late February. It’s the most constructive price action we’ve seen in a while.

Meanwhile, Ethereum fell 2.6% to $2.33K after leading the rally with weekly gains of 5.2%. Solana slipped to $94.95, XRP is at $1.45, and Dogecoin is at $0.11. BNB stayed relatively stable at $651.40. Global markets are pulling back because geopolitical uncertainty is combining with what analysts call uncoordinated tightening by central banks.

The Federal Reserve continues to emphasize upside risks to inflation, and wage growth in Japan hit decades-high levels, reinforcing expectations of higher rates for longer. For butcoin specifically, the move is more constructive, but geopolitical volatility is still the anchor preventing rate expectations from stabilizing. The range remains intact, but now we’re testing the upper half instead of slowly moving through the lower half.