Bitcoin Reclaims $70,000 as Iran War Jitters Ease and Volatility Cools
Bitcoin has pushed back above roughly $70,000 after a weekend dump toward the mid‑60,000s that followed US‑Israel strikes on Iran and a spike in energy‑market stress. What The Bitcoin Data Says This recovery comes after President Donald Trump helped reset risk sentiment when he signaled the Iran conflict could be resolved “very soon”, rising equities and softer oil prices alongside Bitcoin’s price. Brent crude dropped more than 7%, sliding to around $91 a barrel and pulling back sharply from Monday’s 119.50‑dollar peak. “Trump’s latest posts are being seen as potentially flagging an end to....
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Bitcoin is holding up near the upper $60Ks–$70K region despite a sharp macro shock, showing relative resilience versus equities and other risk assets. Related Reading: Bitcoin Reclaims $70,000 as Iran War Jitters Ease and Volatility Cools Bitcoin Is Resilient Enough Bitcoin appears to have passed the first stress test of the Iran shock and its aftermath. As we covered yesterday, Bitcoin snapped back above $70,000 after Iran war jitters eased, oil backed off its spike, and derivatives stress started to cool, turning a brutal liquidation into a fast‑acting relief rally. Since then, BTC has....
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates.
Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country
Iran’s Ministry of Energy has changed certain crypto mining regulations to ease access to renewable power for entities authorized to mint digital currencies in the Islamic Republic.
A recently issued decree relieves miners from the....
Iran war jitters attack once more, knocking investors out of risk assets and dragging the broader crypto market into the red. Bitcoin’s slide has kicked back in after a short-lived push above 70,000 dollars with BTC slipping about 2.3% into the high‑60,000s dollars. Bitcoin: A Snapshot Of The Uncertainty In Numbers For weeks, Bitcoin (BTC) has been struggling to hold above $70,000: on Monday it briefly pushed above 70,000 dollars, only to reverse and drop as much as 2.3% to 67,834 dollars in early European trading, before stabilizing around 68,100 dollars by 8:10 a.m. in London. This comes....
Bitcoin (BTC) is grinding higher above the $71K–72K zone, shrugging off a stronger dollar, surging oil and Middle East war jitters while global stocks wobble. A Modest Win For Bitcoin During the London morning, bitcoin held firm near the top of the day’s range while regional equity indices traded mixed and volatility in energy and […]
Bitcoin’s price recovered to around $73,000 in early March, after having fallen to the mid-$60,000 range from late January due to geopolitical unrest. What The Data Says Bitcoin’s price notable instability during the first trimester of the year seems to have a direct geopolitical correlation, CryptoQuant reports. Bitcoin dropped to around $63,000 on February 29, following the U.S.-Israel military strike on Iran on February 28 and the Iran heightened tensions in the Middle East. BTC had recovered near $70,000 by March 2, and by March 4 and 5 the price pushed to above $73,000 due to....