The price of Bitcoin (BTC) is currently around $71,276, following a significant rise earlier this month that peaked above $73,000. However, analysts warn that the recent recovery remains tenuous amid ongoing geopolitical tensions, particularly related to the conflict in the Middle East. The current situation has contributed to inflationary pressures, as reported by the US Bureau of Labor Statistics.
According to Nic Puckrin, founder of the Coin Bureau, the market is unlikely to see interest rate cuts until late Q3 or Q4 of 2026, even if peace is established soon. He indicated that for Bitcoin to approach $90,000, a combination of a ceasefire, a decline in oil prices to around $80, and favorable economic data would be necessary.
Following a 5.8% surge beginning on April 6, Bitcoin's momentum was hindered by stalled negotiations between the US and Iran, prompting US President Donald Trump to announce military actions near the Strait of Hormuz. The Federal Open Market Committee (FOMC) is also experiencing divisions over future interest rate policies, complicating the outlook for Bitcoin.