Bitcoin (BTC) price news: Trump extends Iran strike pause, trimming price decline
Bitcoin pared earlier losses after President Trump extended a 10-day pause on attacks against Iran's energy infrastructure amid ongoing diplomatic talks.Summary
Markets experienced a difficult day as tensions with Iran caused oil prices and bond yields to surge, leading to a selloff in tech stocks and cryptocurrencies. Bitcoin slid 3% and the Nasdaq fell 2.4%. The U.S. 10-year Treasury yield spiked to 4.43%, fueling expectations that the Federal Reserve might hike interest rates rather than cut them. However, U.S. President Donald Trump announced via Truth Social that he was pausing energy plant destruction strikes against Iran for 10 days, citing ongoing, positive diplomatic talks. This news helped stabilize markets, causing Bitcoin to rebound about 1% from its lowest point, trading just above $69,000. Other cryptocurrencies like Ether, XRP, and Solana also saw minor rebounds from their session lows, though they remained down 3%-5% over the preceding 24 hours.
(Source：CoinDesk)