Bitcoin rebounds above $70K as Trump cites ‘productive’ Iran talks, easing immediate escalation fears

Bitcoin (BTC) jumped back above $70,000, reaching nearly $71,500, following an announcement by Donald Trump that the U.S. and Iran held "very good and productive conversations" aimed at resolving hostilities. Trump stated he instructed the "Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period," contingent on progress. This news eased immediate geopolitical escalation fears that had previously pushed markets into a risk-off posture, impacting Treasury volatility and the U.S. dollar. Analysts suggest that crypto markets are currently dominated by geopolitical inflation concerns, with Bitcoin remaining highly sensitive to energy prices and real yields, and potentially still acting as a risk-on asset rather than a geopolitical hedge.

(Source：The Block)