Bitcoin Momentum Weak as Recovery Hinges on US–Iran Deal

Bitcoin’s recovery hinges on a successful peace deal between the US and Iran, even as on-chain metrics show the cryptocurrency remains weak despite reclaiming $67,000. Nick Ruck, a director at LVRG Research, said that despite Bitcoin recently reclaiming $67,000, its “momentum remains weak, with declining volume and stagnant on-chain metrics indicating that the recovery lacks conviction and could quickly fade.” He added that if a recently brokered peace deal between the US and Iran breaks down, the following geopolitical instability and potential oil shocks would see Bitcoin “face a volatile path.” It may initially find bids as a hedge asset before broader risk-off flows push it toward key support zones, underscoring how macro and geopolitical catalysts continue to dominate crypto price action.

US President Donald Trump said on Sunday that the US had completed a peace deal with Iran to end months of conflict, which is expected to be signed on Friday.

United States, Iran

bitcoin, on-chain metrics, lvrg research, nick ruck, bitcoin price, momentum, declining volume, geopolitical instability, oil shocks, donald trump