Bitcoin traded sideways between $76,200 and $77,245 and stabilized around $76,750. Daily movement was modest, with a 0.7% gain over 24 hours, while performance over seven days fell by nearly 5%. Coinglass recorded crypto liquidations dropping to $175M. Bitcoin briefly surged past $77,000 twice after postponement of strikes on Iran, but momentum faded after it tapped around $77,200. After a second breach near $77,200, price gradually declined to an intraday low near $76,181, then rebounded to about $76,900 before falling back to $76,750. Market cap reached $1.54 trillion, lifting broader crypto market cap to $2.64 trillion. Renewed U.S.-Iran tensions and reports of maximalist Iranian demands and a weekend deadline increased uncertainty and weighed on broader equities.
"While global markets initially welcomed the postponement of the strikes, the relief rally quickly evaporated. Renewed geopolitical friction flared as media reports surfaced indicating that Iran had submitted a fresh proposal with maximalist demands. The uncertainty intensified following reports that Trump had issued a weekend deadline for Iran to agree to a deal, reigniting fears of an imminent military escalation."
#bitcoin-price-action #us-iran-geopolitical-risk #crypto-liquidations #equity-market-impact #market-volatility
Read at news.bitcoin.com
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