Bitcoin Surges Past $64,600 Amid Ongoing US-Iran Tensions
Bitcoin has broken above $64,600 after US President Trump stated that Washington is not engaging in talks with Iran. This news comes as tensions between the two countries remain high, particularly regarding the Strait of Hormuz, a key route for global oil.
The strait's importance is reflected in its impact on oil prices, which remain above $91 per barrel amidst ongoing geopolitical tensions.
As a result, Federal Reserve decisions and investor behavior in crypto and stocks are being influenced by these events, leading to market volatility.
Strategy, a major Bitcoin holder, has paused its sales after two weeks, stabilizing market sentiment and contributing to the price increase.