As tensions rise, BTC keeps climbing
No major updates on the market for now. Yesterday we hit $74K, and overall we’re still holding above $70K, which keeps the door open for a continuation of the local uptrend.
Meanwhile, geopolitical tensions aren’t easing — more countries are getting drawn into the conflict each day. Uncertainty is growing, and against that backdrop liquidity continues flowing into BTC.
There’s also a narrative being pushed that the current BTC pump is largely driven by Iranian buying amid the war. For now, though, that looks more like a stretched story without solid confirmation.
That said, it’s no secret that Iran is one of the global leaders in BTC mining. It’s one way to bypass sanctions: mining costs there are considered among the lowest in the world — roughly $1.5–2K per BTC. For comparison, in the U.S., the estimated production cost is around $105K.
No one knows exactly how much BTC Iran controls. But theoretically, amid rising military spending and potential currency shortages, they could start selling part of their reserves to cover budget gaps. In that case, the market could see a significant dump.
For now, though, that’s more probability talk than a concrete forecast. The local uptrend remains intact, so we keep watching and trading intraday setups.