This explains why Bitcoin’s value may fall further as market risks rise.

crypthub

about 2 hours ago

Bitcoin Price Amid Trump’s Iran Claim

Bitcoin holds just below $70,000, trading around $69,740 after President Trump declared a swift victory in the Iran conflict. Trump claimed the U.S. neutralized most of Iran’s missile launchers and naval power within an hour, ending the ten‑day Operation Epic Fury. The cryptocurrency showed almost no reaction, barely inching up 0.1% in 24 hours.

Geopolitical and Macro Factors

Iran has warned it will shift from reciprocal strikes to continuous attacks on adversaries and keep key maritime routes blocked, pushing energy prices higher. Higher energy costs add pressure to risk assets, while global inflation, especially in the U.S., remains sensitive to such shocks. Recent U.S. core CPI data suggest the Federal Reserve will keep rates at 3.50‑3.75% for now, with a 99.3% probability of no change. Meanwhile, 10‑year Treasury yields are rising, dampening appetite for speculative investments.

Technical Weakness and Downside Risks

Technically, Bitcoin has failed to sustain a breakout above the $70,000 psychological level and needs to clear $72,000 to avoid a death‑cross signal. Open interest has been declining, indicating waning speculative conviction. Without a decisive move past the resistance, the asset faces further downside risk. Deteriorating macro conditions could accelerate a price drop.