Bitcoin Struggles to Hold $60,000 as Stocks Rise on Iran Meeting News

Bitcoin (BTC) hovered near $60,000 as bulls struggled to reclaim the level, while US stock indexes pushed higher after a diplomatic development. In a post on Truth Social, US President Donald Trump wrote that Iran had "requested a meeting," which would take place in Doha, United Arab Emirates, on Tuesday.

TradingView data showed BTC failing to keep pace with gains in the S&P 500 and Nasdaq Composite. Trading firm QCP Capital warned that oil could still rebound, posing a headwind for risk assets. It noted oil had remained largely stable in the low $70s but that a slower supply recovery could allow significant upside for prices.

WTI crude dropped below $68 per barrel on Friday but had moved back above $70 at the time of writing, and QCP added that US markets' early closure on Friday could leave volatility elevated amid thin liquidity. Market participants described price action as "choppy" and defensive.

United Arab Emirates, Doha

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