Cryptocurrency Market Affected by Ongoing US-Iran Peace Negotiations

The cryptocurrency market is still reeling from the impact of the US-Iran peace negotiations. Despite the ceasefire agreement, tensions continue to rise as Tehran claims Washington violated certain provisions of the accord.

Bitcoin has been facing resistance at $73,000 for the third time since the conflict began, retreating to $71,843 on Friday. Market experts warn that Bitcoin must overcome this hurdle before attempting a rally towards $80,000.

The top 10 cryptocurrency roster showed green across weekly timeframes for the first time in over a month, with Ether, Solana, XRP, and Dogecoin posting significant gains.