Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps?
Iran News
Iran — also known as Persia or, officially, the Islamic Republic of Iran — is a sovereign state in Western Asia. Iran is one of the richest Asian countries, as it is the 18th economy by the volume of national production. In 2017, Bitcoin in Iran was considered as an alternative currency because the government wanted to ban U.S. dollars after the U.S. had imposed a ban on entry for seven Arabic states, including Iran. However, according to Iran’s Bitcoin regulation which were issued in 2017, work with cryptocurrency is prohibited for all financial establishments and exchanges. According to Iran’s central bank, cryptocurrency is used for the financing of terrorism, money laundering and making transactions between the criminals.
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Empty tankers will reportedly be permitted to pass through the waterway under the US-Iran deal, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin.
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Lookonchain noted that the “yes” bets were placed at probabilities between 2.9% and 10.3%, with the three wallets placing their first bets within 26 hours of the announcement.
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The 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict.
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As Iran war odds swing on Polymarket and Kalshi, Sygnum’s Fabian Dori says prediction markets are fast becoming macro tools for crypto desks.
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US President Donald Trump threatened Iran could be "living in Hell" if it doesn't open the Strait of Hormuz, though he also told reporters that a deal with Iran is getting close.
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The President of the United States continues to give contradictory signals of escalating the war and winding it down within a few weeks.
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US President Donald Trump said the military is "very close" to finishing its war in Iran in a speech that saw oil and Bitcoin prices move.
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An $80 million leveraged position includes a Bitcoin short and a long bet on oil prices, though the trader has a history of large losses.
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Bitcoin held above $68,000 as investors reacted to signs Trump may seek a quicker end to the Iran war, though traders remain cautious.
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The conflict in Iran has been escalating following US and Israeli strikes against Iran in February, which sent oil prices higher and crypto and broader markets tumbling.
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Historical data shows Bitcoin bear markets deepening when oil prices rally to record highs. Will Monday’s $105 WTI price lead to a BTC crash?
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A $53 million Bitcoin short on Hyperliquid highlights bearish positioning as traders navigate geopolitical risks, regulation concerns and macro data.
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Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market.
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US Bitcoin ETFs saw outflows of $171 million on Thursday as market participants feared another weekend escalation in the US-Israel conflict with Iran.
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