Crypto Stocks Rise After Bitcoin Jumps to $70K as Trump Pauses Iran Strike
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Bitcoin (BTC-USD) rebounded on Monday, climbing back toward the $70,000 level after U.S. President Donald Trump delayed potential military action against Iranian energy infrastructure.
The cryptocurrency rose about 4% to roughly $70,684 in recent trading, recovering from losses a day earlier when escalating Middle East tensions weighed on risk assets.
Trump said the United States and Iran had engaged in productive discussions over the past two days, suggesting a possible easing of hostilities. The shift appeared to lift broader market sentiment, with equity futures rising, bond yields falling, and oil prices declining.
Bitcoin's recent gains come amid a volatile stretch. Prices have struggled since retreating from levels above $120,000 late last year, with geopolitical developments continuing to influence short-term direction.
Shares tied to the crypto sector also moved higher, with Strategy
MSTR
climbing about 2% and IREN
IREN
rising around 1%.
source: https://www.tradingview.com/news/gurufocus:16d950443094b:0-crypto-stocks-rise-after-bitcoin-jumps-to-70k-as-trump-pauses-iran-strike/
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