US President Donald Trump&#8217;s recent comments about Iran helped trigger a 
Bitcoin rally, leading to an uptick in social media sentiment about Bitcoin.

Bitcoin is back in ‘FOMO territory’ after crossing $70K: Santiment

Bitcoin has pushed back above roughly $70,000 after a weekend dump toward the 
mid‑60,000s that followed US‑Israel strikes on Iran and a spike in 
energy‑market stress. What The Bitcoin Data Says This recovery comes after 
President Donald Trump helped reset risk sentiment when he signaled the Iran 
conflict could be resolved “very soon”, rising equities and softer oil prices 
alongside Bitcoin’s price. Brent crude dropped more than 7%, sliding to around 
$91 a barrel and pulling back sharply from Monday’s 119.50‑dollar peak. 
“Trump’s latest posts are being seen as potentially flagging an end to the 
Iranian conflict faster than the market was anticipating”, said Richard 
Galvin, co-founder of hedge fund DACM as reported by Bloomberg. He added: 
Risks are that the market is misreading Trump’s statements, or that either 
Israel, the USA or Iran takes action to further escalate hostilities and takes 
the option of de-escalation off the table. On‑chain and derivatives data 
suggest the worst of the war‑driven stress is abating rather than starting a 
new bear phase. Glassnode describes the recovery as showing “tentative signs 
of improvement”, with futures open interest and perp buying picking up again 
as prices stabilize in the high-$60,000 to low‑$70,000 band. Related Reading: 
Why A U.S. Court Says Binance Is Not (Yet) Liable for Terrorist Crypto Flows 
What The Analysts Say Analysts tracking flows argue the Iran episode looks 
more like a sharp positioning and liquidity shock than a structural macro 
regime change. CryptoQuant data, cited by NewsBTC, showed a spike in coins 
moving to exchanges and a jump in volatility around the February 28 strikes, 
followed by a rapid normalization as BTC snapped back toward its prior 
trajectory in early March. ETF flows remain a key pillar. US spot products saw 
strong net inflows in the days Bitcoin rebounded toward and above $70,000, 
signaling that institutions kept buying into weakness rather than dumping 
exposure. At the same time, funding and short liquidations indicate that late 
bears were squeezed as prices reclaimed key psychological levels, reinforcing 
the idea that traders used the war headlines to fade fear rather than to exit 
the asset class altogether. Related Reading: Hyperliquid Traders Rise in Arms 
as Bitcoin Hits 7-Day Low And Oil Soars The “Digital Gold” And Risk Asset 
Behavior This is not the first time war headlines have jolted Bitcoin, but 
recent behavior looks different from the panic surrounding events like the 
start of the Russia‑Ukraine war. On earlier Iran‑linked shocks, BTC saw larger 
percentage drawdowns and sustained realized‑volatility spikes; this time, the 
coin briefly dumped toward the low‑60,000s before clawing back above 70,000 
dollars within days. Some macro and on‑chain analysts say that pattern 
supports a slowly maturing “digital gold” narrative, noting that Bitcoin held 
up better than some equities and even certain traditional hedges during the 
latest energy shock. Others stress that crypto is still trading as a high‑beta 
risk asset overall, pointing to synchronous moves with stocks when war jitters 
first hit and to heavy rotation into classic safe havens like gold at peak 
fear. Whatever the case may be for overall crypto sentiment, one thing remains 
true: the market still moves at the speed of human fear around geopolitical 
unrest, not the other way around. BTC&#8217;s price trends to the upside on the 
daily chart. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD 
chart from Tradingview

Bitcoin Reclaims $70,000 as Iran War Jitters Ease and Volatility Cools

Bitcoin price started a recovery wave above the $68,500 zone. BTC is now 
consolidating and might aim for more gains above $70,500. Bitcoin started a 
decent recovery wave above the $69,200 zone. The price is trading above 
$68,500 and the 100 hourly simple moving average. There was a break below a 
bullish trend line with support at $70,400 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might dip again if it trades below the 
$69,280 and $68,000 levels. Bitcoin Price Fails Near Resistance Bitcoin price 
remained elevated and extended its increase above the $68,500 level. BTC 
climbed above the $69,200 and $70,000 resistance levels. The bulls pushed the 
price above the 61.8% Fib retracement level of the downward move from the 
$74,062 swing high to the $65,646 low. However, the bears are still active 
below $72,000. The price faced rejection near the $71,600 level and started a 
downside correction. There was a break below a bullish trend line with support 
at $70,400 on the hourly chart of the BTC/USD pair. Bitcoin is now trading 
above $68,500 and the 100 hourly simple moving average. If the price remains 
stable above $68,500, it could attempt a fresh increase. Immediate resistance 
is near the $70,250 level. The first key resistance is near the $70,500 level. 
A close above the $70,500 resistance might send the price further higher. In 
the stated case, the price could rise and test the $71,500 resistance. Any 
more gains might send the price toward the $72,000 level or the 76.4% Fib 
retracement level of the downward move from the $74,062 swing high to the 
$65,646 low. The next barrier for the bulls could be $72,650. More Losses In 
BTC? If Bitcoin fails to rise above the $70,500 resistance zone, it could 
start another decline. Immediate support is near the $69,280 level. The first 
major support is near the $68,500 level. The next support is now near the 
$68,000 zone. Any more losses might send the price toward the $67,250 support 
in the near term. The main support now sits at $66,500, below which BTC might 
struggle to recover in the near term. Technical indicators: Hourly MACD – The 
MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – 
$68,500, followed by $68,000. Major Resistance Levels – $70,500 and $72,000.

Bitcoin Price Pullback Tests Bulls — Bounce Attempt Incoming?

BitMEX co-founder Arthur Hayes said he will start buying Bitcoin when the US 
Federal Reserve eases monetary policy and starts printing money amid rising 
tensions in the Middle East.

Bitcoin permabull Arthur Hayes says he wouldn’t bet $1 on BTC right now

Ripple is pushing aggressively into global markets while embedding XRP deeper 
into its financial infrastructure, as CEO Brad Garlinghouse signals expanding 
payments, liquidity, and treasury ambitions tied to digital asset adoption. Is 
Ripple Quietly Building the XRP Engine That Could Reshape Global Payments 
Forever? Global expansion and digital asset infrastructure development were 
highlighted by Ripple […]

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