Bitcoin Holds Steady Above $75,000 Amid US-Iran Tensions and Token Unlocks

The crypto market has been relatively stable on Monday, with Bitcoin (BTC) trading above $75,000 despite ongoing tensions between the US and Iran. The US-Iran ceasefire is set to expire on Tuesday, but it remains unclear whether peace talks will take place.

A significant factor that could impact market volatility this week is the token unlocks worth over $117 million. According to Defi Llama data, various networks are releasing tokens, which will increase circulating supply and potentially affect prices.

Bitcoin's price action suggests a bullish bias, as it remains above its 50-day exponential moving average (EMA) at $71,910. The Relative Strength Index (RSI) is near 59 on the daily chart, indicating that the price is leaning higher without reaching overbought territory.