Bitcoin surged past the $65,000 mark following a noticeable decline in US-Iran geopolitical tensions, signaling renewed optimism among traders. This upward momentum comes as major holders, often called whales, pulled out $198 million worth of Bitcoin from Kraken. The withdrawal highlights a tightening in supply metrics, hinting at potential scarcity ahead.
Market participants are now turning their attention toward the upcoming Federal Reserve meeting, which could significantly influence the cryptocurrency's trajectory. Analysts suggest that this breather in geopolitical risks combined with looming economic policy changes may set the stage for critical price movements in the near term.
