Iran Denies Deadline, Bitcoin Sees Volatility Amid Ongoing Tensions

Reports of a US-Iran ceasefire extension sent shockwaves through financial markets, causing Bitcoin to fluctuate wildly. Initially, it seemed that the cryptocurrency would benefit from the perceived easing of tensions between the two nations. However, Iran's Foreign Ministry swiftly clarified that there is no binding 60-day deadline in their memorandum with the US.

The clarification came as Iranian drones attacked the Kurdistan Region PM's office, causing oil prices to surge above $83 per barrel. This development has left traders cautious, with Bitcoin trading between $63,000 and $63,700 amidst growing skepticism about a bullish trend for the cryptocurrency this month.