The post Has Iran Agreed to Abandon Its Nuclear Program? Bitcoin Price Impact Explained appeared first on Coinpedia Fintech News
According to widely circulating reports, Sky News Arabia has reported that Iran’s Deputy Foreign Minister said the country is prepared to abandon its entire nuclear program if the United States presents a satisfactory alternative offer.
Bitcoin is trading around $72,855 at the time of writing, recovering from the lows it hit when US and Israeli forces launched strikes on February 28.
The Iran War’s Impact on Crypto
When the conflict began, Bitcoin dropped sharply, falling to around $63,000 in a matter of hours. Over $300 million in long positions were liquidated.
Oil jumped 7% as traders priced in potential disruption to the Strait of Hormuz, the chokepoint through which roughly one-fifth of the world’s daily oil supply passes. With energy prices rising, inflation concerns followed.
Former US Treasury Secretary Janet Yellen captured the k
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