"The Bitcoin price touched $70,271 before easing to about $69,300, extending a move that triggered large liquidations across derivatives markets. Data from Bitcoin Magazine Pro and CoinGlass shows about $255 million in positions were wiped out over a 24-hour period, with short sellers accounting for the bulk of losses."
"Hours later, Trump told Fox News that Iran is engaged in talks and suggested a resolution may be close. A report from Axios added that US and Iranian officials, along with regional intermediaries, are discussing terms for a 45-day ceasefire that could end the conflict."
"Oil prices climbed to about $112 per barrel as traders priced in the risk of supply disruption tied to the closure of one of the world's most important shipping routes. Higher energy costs have raised concern about inflation, with analysts warning US consumer prices could rise toward 3.7% if oil holds near current levels for several weeks."
Bitcoin's price experienced volatility, touching $70,271 before settling at approximately $69,300 amid geopolitical tensions linked to Donald Trump and the Strait of Hormuz. This movement resulted in about $255 million in liquidations, primarily affecting short sellers. Conflicting statements from Trump regarding Iran's infrastructure and potential negotiations contributed to market uncertainty. Oil prices surged to around $112 per barrel, raising inflation concerns. Bitcoin's price has remained stable within a range of $65,000 to $75,000, indicating a shift in market dynamics away from leverage-driven rallies.
Read at Bitcoin Magazine
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