[Analysis: Bitcoin Volatility Diverges from Geopolitical Risks, Market Considers Conflict 'Prolonged but Not Escalating'] According to market analysis by QCP Capital, as both the U.S. and Iran accused each other of violating ceasefire terms, market expectations for easing tensions reversed over the weekend. U.S. crude oil rebounded by 8%, Bitcoin fell back to $74,000, and Ethereum dropped to around $2,300. Despite ongoing geopolitical risks, Bitcoin volatility remains at its annual low, indicating that investors believe the conflict may drag on but is unlikely to worsen further, resulting in limited market reactions. The risk reversal indicator showed little fluctuation, reflecting the market's lack of clear direction. With the ceasefire nearing expiration, an extension remains a possible outcome. Market attention is now shifting to testimony from Federal Reserve Chair nominee Kevin Warsh before the Senate Banking Committee on Tuesday morning, as his outlook on interest rates and the economy could serve as a near-term catalyst.