Bitcoin Holds $70K Amid Iran-U.S. Tensions, Altcoins Rally

Bitcoin surpassed $70,000, buoyed by a temporary pause in U.S. strikes against Iranian energy infrastructure. This geopolitical development eased energy market pressure, leading to a rally in altcoins like Ether and Solana, alongside crypto-linked equities and traditional markets such as the S&P 500 and Nasdaq. The cryptocurrency's future trajectory now depends on the de-escalation of U.S.-Iran tensions, which could stabilize oil prices and shipping, potentially allowing Bitcoin to retest higher resistance levels. Conversely, renewed conflict could drive prices lower, reinforcing inflation concerns and pushing markets into a risk-off mode.