Bitcoin Rebounds to $71K as Oil Drops on Iran Pause

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Bitcoin moved back above $71,000 after US President Donald Trump postponed Iran strike for five days, sending oil price crashing below $100.

Bitcoin broke back toward $71,000 during Monday’s European trading session as US President Donald Trump said attacks on Iran’s power infrastructure would be postponed. 

Bitcoin bounces 5% to $71,000 after President Trump said US attacks on Iran's infrastructure would be postponed.

$270 million in short positions were liquidated in an hour.

Focus now shifts to $72,000–$75,000 liquidity zones to see if BTC price will rise further to grab these. 

Bitcoin erases weekend losses with 5% rebound


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