Bitcoin Price Pulls Back to $84K Amid US-Iran Tensions
The Bitcoin price pulled back from last week's move above $87,000 as renewed U.S.-Iran tensions put pressure on risk assets and interrupted its September rebound.
CoinGecko data showed that Bitcoin fell below $84,000 during Monday trading after reaching a seven-day high above $87,000 last week. The price later recovered toward the $84,000, $85,000 area as traders assessed geopolitical risk and the next batch of U.S. economic data.
Ethereum faced similar pressure after trading above $2,700 last week, while XRP consolidated near $1.50. Bitcoin's pullback followed gains across major cryptocurrencies during the previous week.
The current price remains well above its mid-September lows near $75,000, $77,000, according to CoinGecko historical data. The data show that $BTC closed near $75,590 on September 15 before climbing above $86,000 less than a week later.