Bitcoin price edged higher Wednesday as markets responded to reports that Iran may be seeking a full end to its conflict with Israel rather than a temporary ceasefire.
Bitcoin kicked off the week with a surge above $71,000 before retracing, reflecting renewed market sensitivity to geopolitical developments between the U.S. and Iran.
Bitcoin price held near $70,000 as shifting Iran conflict risks and macro pressure weighed on markets, while derivatives and on-chain data signaled consolidation, not capitulation.
Bitcoin price fell below $70,000 on Thursday as rising energy costs and a steady Federal Reserve stance strengthened the dollar and weighed on risk appetite.
Following the U.S.-Israeli airstrikes in Tehran, Iranian crypto activity surged, with $10.3 million in bitcoin flowing out of exchanges as citizens sought to preserve value amid financial collapse.
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