Bitcoin price steadies above $62k amid US‑Iran tensions
Bitcoin has remained around the $62,000‑$64,000 range despite heightened military actions between the United States and Iran over the Strait of Hormuz. The cryptocurrency held key technical support levels, with the 50‑day EMA near $64,800 acting as a barrier to further upside. Spot Bitcoin ETFs recorded a net inflow of about $197 million for the week, ending a series of withdrawals and providing institutional support.
Analysts note that while the price is trading just below the $65,000 resistance zone, the market’s reaction is muted compared with earlier conflict‑driven sell‑offs. The ongoing conflict has pushed oil prices higher and raised inflation concerns, but Bitcoin’s price movement has been comparatively restrained, reflecting growing maturity and the presence of long‑term holders.
The combined effect of geopolitical risk, elevated oil prices and renewed ETF demand has kept Bitcoin above the $60,000 support area, though further breakthroughs will depend on whether the $65,000 level can be sustained.