Bitcoin Stabilizes After Trump Extends Iran Strike Pause
- Bitcoin (BTC) is currently trading at $69,078.85, recovering from a previous decline of approximately 3%.
- U.S. President Donald Trump announced a ten-day extension on attacks against Iran’s energy infrastructure.
- The Nasdaq index fell by about 2.4%, marking a total decrease of around 10% since its peak in late January.
- The U.S. ten-year Treasury yield rose sharply to as high as 4.43%, reflecting changing expectations for Federal Reserve interest rates.
- Other cryptocurrencies such as Ether (ETH), XRP, Solana (SOL), and Cardano (ADA) also saw minor rebounds but remain down by about 3%-5% over the past day.
Trump’s comments regarding Iran contributed to the stabilization of cryptocurrency markets following a turbulent trading session influenced by rising bond yields and interest rate expectations in both the U.S. and Western Europe.
As Bitcoin recovers to just above $69,000, it reflects a slight increase of about one percent from its lowest levels earlier in the day amidst broader market volatility.(Source)
