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Bitcoin Trends | Trump Releases Positive Signals, Returns to $70,000
U.S. President Trump has sent positive signals regarding US-Iran relations, and Bitcoin has successfully recovered its $70,000 loss.
According to CoinDesk, Bitcoin reached a 24-hour high of $71,676 and is currently trading at $70,400, up 3.79%; Ethereum is at $2,140, up 5.09%; Dogecoin has increased by 3.51%.
Trump stated that negotiations between the United States and Iran are making “productive” progress. Market interpretation suggests that the U.S. is actively working to prevent a larger-scale military conflict in the Middle East, significantly reducing the risk premium caused by uncertainty.
Analysis indicates that Bitcoin is less likely to experience a sharp decline in the short term, and it is expected to fluctuate between $66,000 and $77,000 over the next week.