Bitcoin Bounces 5% on Trump’s Iran Pause, Then Pulls Back as the Story Complicates
Monday was a sharp reminder of how directly Bitcoin now responds to geopolitical developments rather than purely crypto-native signals. When Trump posted on Truth Social that US strikes on Iran’s infrastructure would be paused for five days following “very good and productive” talks, Bitcoin jumped approximately 5% and broke back above $71,000. The move came after a weekend that had seen Bitcoin drop below $67,600, with $336 million in total crypto liquidations over 24 hours and roughly $100 million in Bitcoin long positions wiped out as oil spiked and risk-off sentiment dominated. Galaxy Digital, Coinbase, and IREN each gained around
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