Bitcoin steadies above $71,000 as oil falls below $100 after U.S. proposes 15‑point Iran peace plan
Bitcoin held above $71,000 as Brent crude dropped below $100 following the U.S. proposal of a 15-point peace plan to end the Iran conflict.Summary
Bitcoin stabilized around $71,000, trading at $71,019, as markets reacted positively to news that the U.S. drafted and delivered a 15-point peace plan to Tehran via Pakistan, seeking a one-month ceasefire. This diplomatic development fueled optimism, causing Brent crude oil to fall 4.7% to $99.55, breaking the $100 mark, and leading to a 1.9% rally in Asian equities. The drop in oil prices eases inflation concerns that have pressured risk assets. While Bitcoin is down 6.4% for the week following prior volatility, holding above $70,000 suggests confidence among bulls. Most major altcoins, however, remain down between 4% and 9% for the week, as the market awaits confirmation on whether the peace plan will lead to an actual ceasefire.
(Source：CoinDesk)