Bitcoin Prices Steady Amid US-Iran Ceasefire Uncertainty

Bitcoin's price remained steady around $70,500 on Thursday, despite initial losses earlier in the day. The fragile US-Iran ceasefire agreement, which was strengthened after Israel agreed to negotiate with Lebanon, continued to be a major point of focus for the crypto market.

The Iran conflict has been a significant driver of market volatility, and investors are closely watching developments in the region. According to reports, Iran will demand Bitcoin fees from shipping companies for oil tankers passing through the Strait of Hormuz, which supplies around 20% of the world's oil consumption.