Bitcoin (BTC) price climbs to $71,000 as dollar weakens on Trump's war signals
Bitcoin reached $71,000 as the Dollar Index fell following Trump's comments suggesting the Iran war might end soon.Summary
Bitcoin (BTC) climbed to $71,000, gaining about 3.9% since midnight UTC, while Ether reclaimed the $2,000 level, as the broader crypto market rallied. This surge coincided with a retreat in the Dollar Index (DXY) to 98.5 after U.S. President Donald Trump stated the war in Iran could end "very soon." The weakening dollar lifted crypto, equities, and precious metals, while oil prices pulled back. Despite the rally, Bitcoin remains in a broader downtrend since early October and would need to surpass $98,000 with stronger support to reverse this pattern. Derivatives data showed fresh capital inflows, with open interest rising for BTC and ETH futures, though investors appeared to be rotating out of gold-linked assets. Market makers are positioned for potential volatility if BTC breaks above $75,000.
(Source：CoinDesk)