Bitcoin steadies above $71,000 as oil falls below $100 after U.S. drafts 15‑point Iran peace plan
Brent crude fell 4.7% and Asian equities rallied 1.9% as Washington delivered a ceasefire proposal to Tehran via Pakistan, fueling the most sustained optimism since the conflict began a month ago.
What to know:
Brent crude fell below $100 a barrel for the first time in weeks after reports of a U.S.-drafted 15-point peace plan to end the Iran conflict, easing inflation pressures and lifting global risk assets.
Bitcoin is holding above $70,000 and trading around $71,000 after a volatile week, while most major altcoins remain lower on a weekly basis despite modest daily gains.
The proposed peace plan, which reportedly includes restrictions on Iran's nuclear ambitions, is the most concrete diplomatic move since the war began and is seen as the key catalyst for markets in the coming days.
Bitcoin was trading at $71,019, up 0.9% over the past 24 hours but still down 6.4% on the week. The weekly loss reflects the whipsaw from last week's $75,000 high through the weekend's 48-hour ultimatum panic and Monday's two-headline liquidation cascade.
The daily move is quieter and more constructive, with bitcoin holding above $70,000 for a third consecutive day.
"Although the leading cryptocurrency did not immediately capitalize on the upward momentum and extend its gains, simply remaining at these high levels now suggests confidence among the bulls," FxPro chief market analyst Alex Kuptsikevich told CoinDesk in an email.
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Brent crude fell 4.7% and Asian equities rallied 1.9% as Washington delivered a ceasefire proposal to Tehran via Pakistan, fueling the most sustained optimism since the conflict began a month ago.
What to know:
Brent crude fell below $100 a barrel for the first time in weeks after reports of a U.S.-drafted 15-point peace plan to end the Iran conflict, easing inflation pressures and lifting global risk assets.
Bitcoin is holding above $70,000 and trading around $71,000 after a volatile week, while most major altcoins remain lower on a weekly basis despite modest daily gains.
The proposed peace plan, which reportedly includes restrictions on Iran's nuclear ambitions, is the most concrete diplomatic move since the war began and is seen as the key catalyst for markets in the coming days.
Bitcoin was trading at $71,019, up 0.9% over the past 24 hours but still down 6.4% on the week. The weekly loss reflects the whipsaw from last week's $75,000 high through the weekend's 48-hour ultimatum panic and Monday's two-headline liquidation cascade.
The daily move is quieter and more constructive, with bitcoin holding above $70,000 for a third consecutive day.
"Although the leading cryptocurrency did not immediately capitalize on the upward momentum and extend its gains, simply remaining at these high levels now suggests confidence among the bulls," FxPro chief market analyst Alex Kuptsikevich told CoinDesk in an email.
@SignOfficial
(https://www.binance.com/en/square/profile/signofficial)
#signdigitalsovereigninfra $SIGN