Bitcoin remains at $71,000 despite Trump's warning about attacks on the oil-rich island of Kharg, Iran
The largest cryptocurrency has risen by 4.2% over the week despite Friday's reversal, with attention now focused on the Fed meeting from March 17 to 18 and whether oil prices above $100 will cause a shift in rate expectations.
What you need to know:
Bitcoin has remained above its pre-war level and is trading around $71,000, showing resilience despite the intensification of the conflict in the Middle East and U.S. attacks on the island of Kharg, Iran. Cryptocurrency markets have experienced widespread gains over the past week, with major tokens like ether, dogecoin, solana, and BNB recording profits, even as bitcoin struggles to consistently break through the resistance range between $73,000 and $74,000. Traders are increasingly treating war-related headlines as temporary shocks, but rising oil prices, record disruptions in energy supply, and next week's Federal Reserve meeting pose renewed risks for risk assets, including cryptocurrencies.#btc $BTC
