Bitcoin Soars Toward $66K Amid US‑Iran Strike Pause: Risk Assets Rally

Bitcoin surged toward the $66,000 mark as U.S. equities climbed on a pause in U.S.-Iran strikes.

Risk Asset Rally

Bitcoin (BTC) spiked to near $66,000 at the Wall Street open, mirroring the modest 0.3 % gains in the S&P 500 and Nasdaq Composite, reflecting a broader risk‑on sentiment.

The Hormuz Shadow

An Iranian foreign‑ministerial spokesperson announced that Tehran and Oman are working to establish maritime traffic mechanisms through the Strait of Hormuz, a critical global oil corridor currently closed.

Bond Yields and Regulatory Hurdles

QCP Capital warned that higher U.S. bond yields could pose a stumbling block for crypto, yet the progress of the CLARITY Act suggests a potentially favorable regulatory environment for digital assets.

Technical Supports

BTC is holding the 21‑day and 50‑day simple moving averages (SMAs) at $64,289 and $63,261 respectively, indicating a resilient yet fragile long‑side bias.

Short‑Term Liquidations

■$250 million in short‑term liquidations over a 24‑hour period

■The BTC/USDT 1‑day chart shows a bullish trend supported by the SMAs

■CoinGlass data indicates liquidations moving in tandem with market upside

Berk Arıcan: While BTC’s short‑term support levels appear robust, elevated bond yields and geopolitical uncertainties may continue to drive volatility. Traders should closely monitor liquidation flows and set strategic exit points.