Bitcoin Reclaims $71,000 as Trump Postpones Iran Strike Deadline

Bitcoin (BTC) surged more than 4% to reclaim the $71,000 level, marking a sharp breakout from the market's recent price consolidation phase. This rally followed President Trump's announcement of a five-day delay on potential military strikes against Iranian energy infrastructure, describing ongoing talks as "productive." The temporary easing of geopolitical tensions triggered a broad "risk-on" move, benefiting major altcoins like Ethereum (ETH) and XRP through a significant unwinding of short positions. The meme coin sector also saw its total market capitalization climb 3% to reach $33.4 billion within 24 hours. Market analysts characterize the price action as a relief rally driven by the reduction of immediate uncertainty, though volatility remains high as the new deadline approaches. Beyond geopolitics, shifting interest rate expectations continue to support the current bullish momentum in digital assets.

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