Bitcoin Surges Above $70,000 Amid U.S.-Iran Tensions

U.S. President Donald Trump has extended the pause on strikes against Iranian energy infrastructure until April 6. According to NS3.AI, this decision followed a March 23 announcement that briefly pushed Bitcoin's price above $70,000. The announcement also contributed to a $1.7 trillion increase in U.S. stock market value and a 15% decline in oil prices. Iranian officials, however, denied any direct negotiations with the U.S., labeling the claims as fake news and psychological warfare. Following Iran's denial, oil prices rebounded, U.S. stocks lost approximately half of their gains, and Bitcoin's price retreated. Additionally, $265 million in cryptocurrency short positions were liquidated within 15 minutes.