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Bitcoin climbs back into the green as Trump signals an end to the Iran war
Key takeaways
- Bitcoin is back in the green, and the trigger was a sudden de-escalation in the Iran war.
- Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk data.
- Brent crude dropped 2% to about $88.50 a barrel, while gold and silver prices surged.
Bitcoin is back in the green, and the trigger was a sudden de-escalation in the Iran war.
Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk data. Days earlier it had fallen to levels last seen in 2024 - below $60,000 - but has recovered and climbed back to a weekly gain.
A key catalyst came as President Donald Trump said the US was close to a deal with Iran and that he had "ended the war with Iran today." Markets read it as the end of a conflict that has whipsawed prices for more than 100 days. Brent crude dropped 2% to about $88.50 a barrel, while gold and silver prices surged.
Article preview — originally published by CoinDesk. Full story at the source.
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