Bitcoin traded at $69,800 on Friday evening, within $500 of where it began the week. The stability is itself notable: in a week that included a deadline extension, a selective blockade evolution, a market sell-off, and an assassination's aftermath, cryptocurrency — supposedly the volatile asset — barely moved. [1]

The price reflects a war premium already baked in and a market waiting for the next binary event: resolution or escalation. Neither arrived this week.

-- THEO KAPLAN, San Francisco