Bitcoin rocketed past $71,000 after President Trump paused military action against Iran, underscoring how powerfully world events can shake up the crypto market. His five-day reprieve calmed immediate fears of Middle East conflict, causing a swift and dramatic price jump.
The news unleashed an outburst of optimism throughout financial markets, sending crypto prices soaring. Still beneath the surface, data shows traders are still wary, questioning whether this rally has real staying power.