Cryptocurrency Market Remains Stable Amid US-Iran Deal Hopes

Cryptocurrency prices continued their upward trend on Wednesday, despite the news that Strategy, a top corporate holder, is considering selling part of its massive Bitcoin hoard to fund dividend payments.

The company's decision has led to some profit taking in the market, with Bitcoin giving up its gains. However, experts believe that the impact of the sales will be limited, and that the company plans to buy back a greater amount of Bitcoin than sold.

Hopes of a US-Iran deal have boosted sentiment in the cryptocurrency market, with prices of most major cryptocurrencies remaining mostly stable. Bitcoin, which has shown exceptional resilience throughout the US-Iran conflict, traded at levels last seen at the end of January, with its price reaching $81,421.3.

Experts believe that the daily MACD is not particularly overbought at current levels, and that there may be some mild support at $80,000 with more around $75,000. However, the overall trend remains bullish, with Bitcoin up around 9% over the last week, and 26% since the end of March.