Bitcoin Stuck at US$81,000, Iran Tensions Pressure Crypto Rally
Bitcoin traded within range on Monday (11/55), trading at US$81,009, a slight increase of around 0.1%, after briefly touching the US$82,000 level over the weekend. This gain was cut short as escalating geopolitical tensions between the United States and Iran dampened market risk sentiment.
Pressure arose after President Donald Trump called Iran's response to a 14-point peace proposal "completely unacceptable." Tehran rejected US demands to dismantle its nuclear program and demanded the lifting of a naval blockade before a deal could be negotiated. This uncertainty limited the rally in risk assets, including crypto.
Meanwhile, the market was also cautious ahead of the release of key US inflation data this week and the high-level meeting between the US and China. Investors awaited signals on the direction of the next monetary policy, which could impact global liquidity and risk appetite.
On the regulatory front, the US Senate is preparing to debate the Clarity Act, a bill aimed at establishing a regulatory framework for crypto in the US. The Senate Banking Committee is scheduled to hold a crucial hearing, with the latest compromise on stablecoin yield rules expected to pave the way for the legislation's progress.
Other major cryptocurrencies traded mixed. Ether weakened by about 0.3% to US$2,322, while XRP gained about 2% to US$1,459. BNB, Solana, and Cardano rose between 0.5% and 2.5%. In the memecoin segment, Dogecoin gained about 1.4%, while the $TRUMP token fell by about 2.4%.
Overall, the crypto market showed moderate resilience, but further rally was limited by geopolitical uncertainty and regulatory direction in the United States. (Arl)
Source: Newsmaker.id
