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BTC is back below $70K after briefly trading above $72K mid-week, while cross-asset price action remains tightly linked to conflicting US-Iran ceasefire signals.

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Market Snapshot: Overnight Moves

Daily Updates:

• Bitcoin has started the day in the negative so far and is currently trading just below $70K, having exceeded $72K mid-week.

• Price action across crypto and macro-asset classes continues to be driven by geopolitical developments in the US and Iran — with both sides providing conflicting information on the viability of a ceasefire.

• The White House continued to claim that the US is in ongoing talks with the Iranian regime to bring an end to the war. On Wednesday night, President Trump told congressional Republicans that Iran “wants to make a deal so badly, but they’re afraid to say it”.