Bitcoin surpasses $79k amid US-Iran-Israel tensions

Bitcoin has surged past $79,000 as US-Iran-Israel tensions escalate, pushing the odds of Bitcoin reaching $80,000 by the end of April to 81.5% YES, up from 44% just 24 hours ago.

Market reaction

The $80,000 market moved from 46% to 50% at 8:48 AM before continuing higher, a 35-point swing over the full 24-hour period. The $150,000 target sits at 0.1% YES, unchanged. Daily actual USDC trading volume is at $105,235, and it takes roughly $24,792 to move the $80,000 market by 5 points. The largest move in the past 24 hours was a 5-point spike.

Why it matters

The jump from 44% to 81.5% YES in a single day shows traders pricing Bitcoin as a geopolitical hedge in real time. That kind of repricing, nearly doubling the implied probability overnight, is unusual even for crypto-linked prediction markets. Institutional adoption and broader market conditions are also contributing to the move, but the timing tracks directly with the escalation in US-Iran-Israel tensions.

What to watch

The key variables from here are shifts in the geopolitical situation itself, ETF inflow data, and any regulatory signals from the SEC. Buying YES at 81.5¢ pays 1.27x if Bitcoin hits $80,000 this month.

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