Bitcoin Surges Past $71K on Trump's Pause in Iranian Strikes

Bitcoin prices jumped sharply after US President Donald Trump announced a pause in planned military strikes on Iranian power infrastructure. The sudden announcement reversed the trend of heightened uncertainty over the past few days, triggering a wave of buying across the crypto sector.

The pause in military action gave the market a much-needed boost, with other major cryptocurrencies following Bitcoin's lead and posting gains. Ethereum (ETH), Binance Coin (BNB), XRP, and Solana (SOL) all saw significant increases as market sentiment changed.