Bitcoin rally hits wall as Iran clowns US talks
Bitcoin's rally stalled near $72,000 after Iran denied President Trump's claims of ongoing diplomatic talks regarding military strikes.Summary
Bitcoin's upward momentum stalled near $72,000 after Iranian state media (FARS) refuted President Donald Trump's assertion that diplomatic talks were underway to pause military strikes. Trump had announced a five-day pause based on the positive tone of these alleged discussions. Iran, however, insisted that no talks have occurred since the conflict began in late February and stated it would continue its military defenses despite mediation offers. This geopolitical uncertainty caused Bitcoin to reverse course, trading around $71,580 at press time. Market activity also showed significant whale movements, including one trader who initially shorted 1,000 BTC and longed Brent crude, later switching to a long position after initial losses, while another whale opened large long positions on both ETH and BTC.
(Source：Crypto Briefing)