'A delicate dance': JD Vance says economic pressure is the best way to achieve Washington's objectives in Iran
Vance said "what has been true over the last couple of weeks is they felt a lot more pressure than we have."
Bitcoin soared to $72,505 on Thursday, marking a new multimonth high, despite the U.S. threatening "economic warfare" against Iran in a bid to isolate the nation over the Strait of Hormuz. US stocks retreated amid the geopolitical tensions, while bond yields rose, reflecting investors' concerns over the U.S.-Iran conflict. By the end of the day, Bitcoin reversed above $71,000 and traded at its 11-week peak of $72,505 on Bitstamp.
The surge in Bitcoin's price was driven by renewed demand in both spot and derivatives markets, suggesting a potential end to the recent bear market. However, analysts remain cautious, with BTC needing to surpass its $60k support level to signal a lasting recovery.
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- Bitcoin price reaches $72.5K as US issues ‘Economic D-Day’ threat to Iran cointelegraph.com
- Live updates: Trump warns Iran of ‘economic warfare’; bond market sounds alarm thehill.com
- US Treasury secretary says new economic measures will ‘collapse’ Iran aljazeera.com
- 'A delicate dance': JD Vance says economic pressure is the best way to achieve Washington's objectives in Iran cnbc.com
