Bitcoin price news: BTC surges 5% to $71,000 as Trump postpones Iran escalation
Bitcoin jumped over 5% to $71,000 after President Trump announced a five-day postponement of planned attacks against Iran.Summary
Cryptocurrency prices surged on Monday following U.S. President Trump's announcement via Truth Social that planned attacks against Iran's infrastructure would be postponed for five days after "very good and productive conversations."
Bitcoin (BTC) rebounded nearly 5% above $71,000, while Ether, DOGE, Solana, and Chainlink also saw gains. This geopolitical easing also impacted traditional markets: gold erased most earlier losses, the U.S. dollar index slipped, bond yields declined, and WTI crude oil dropped significantly.
Despite the immediate risk-on market reaction, options data suggests traders remain cautious, as put options on Bitcoin and Ether continue to trade at a premium to calls, indicating skepticism about the rally and preparation for potential future volatility.
(Source：CoinDesk)