Bitcoin (BTC) Price: BTC Clears $65K as US-Iran Tensions Ease - Key Levels to Watch Now

TLDR

• Bitcoin climbed above $65,000 as a US-Iran conflict pause reduced inflation fears
• A US Federal Reserve meeting this week has markets on edge, with a one-third chance of a rate hike
• Bitcoin whales withdrew $198 million from Kraken exchange, reducing available selling supply
• Bitcoin’s Stock-to-Flow Ratio jumped 350% in 24 hours, pointing to tightening scarcity
• Miners reduced selling pressure, with the Miners’ Position Index dropping to -1.24

Bitcoin rose above $65,000 on Monday as a pause in US-Iran military exchanges over the weekend pushed oil prices sharply lower and improved investor mood across global markets.

Brent crude fell more than 5% after Iran said it would halt retaliatory attacks if Washington stopped further military action. The US also paused its bombing campaign. That cooled fears of a wider conflict and took pressure off inflation expectations.

A softer inflation outlook weakened the US dollar, making cryptocurrencies more attractive to overseas buyers. Bitcoin last traded around $65,405, up roughly 1.5% on the day.

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