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James Halver

Bitcoin Climbs Back Above $70,000 as Iran Conflict Fears Fade and Market Volatility Eases

Bitcoin has rebounded to around $70,000 after a weekend slide into the mid‑$60,000 range that followed US‑Israel strikes on Iran and heightened energy‑market stress. The move higher has coincided with comments from President Donald Trump suggesting the Iran conflict could be resolved "very soon", a drop of more than 7% in Brent crude to about $91 a barrel from a recent $119.50 peak, and renewed demand in futures and spot ETF markets. On‑chain and derivatives data indicate war‑related pressure is easing, with analysts viewing the episode more as a short‑term positioning and liquidity shock than the start of a new bear phase.
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