Bitcoin rockets to $70,000 as Trump announces shock pause on Iran strikes
Bitcoin surpassed $70,000 after President Trump paused planned military strikes against Iran for five days following productive talks.Summary
Bitcoin surged past $70,000, climbing about 3.6% to $70,968, after President Donald Trump announced a five-day postponement of planned military strikes against Iranian power plants and energy infrastructure. Trump cited "productive conversations" with Iran as the reason for the delay, which is contingent on the success of ongoing discussions. This announcement eased risk aversion across global markets, causing other digital assets like Ethereum and XRP to gain over 4%. The shift in posture also led to a sharp drop in oil prices, with West Texas Intermediate crude falling 13%, and US stock futures rebounding more than 2%. The move reversed earlier market volatility driven by Trump's previous threats regarding the Strait of Hormuz and subsequent warnings from Iran.
(Source：CryptoSlate)