Bitcoin ticked down on Tuesday, giving back some of the previous session’s gains as investors weighed the chances of easing tensions in the U.S.-Israel conflict with Iran. The крупнейшая cryptocurrency slipped 0.4% to $70,475.6 by late afternoon trading.
According to Arthur Azizov of B2 Ventures, markets remain highly uncertain and need time to stabilize. He noted a growing perception that traditional assets are becoming more speculative than crypto—an unsettling signal for investors.
Reports suggest potential de-escalation underway
Reports after the U.S. market close suggested possible de-escalation efforts. Israeli Channel 12 said U.S. envoy Steve Witkoff and Jared Kushner were exploring a ceasefire framework alongside a 15-point negotiation plan, while The New York Times indicated Washington had already sent a proposal to Iran. Earlier, President Donald Trump said strikes on Iran’s energy sector were being delayed following what he called productive talks. However, Iranian officials denied any negotiations, and conflicting headlines kept markets on edge, with oil prices rebounding sharply.
Investors remain concerned that prolonged high oil prices could fuel global inflation and prompt tighter monetary policy, which typically weighs on non-yielding, risk-sensitive assets like Bitcoin and gold. Still, Bitcoin has held up better than gold since the conflict began, with the latter pressured by profit-taking after hitting record highs.
Bernstein says Bitcoin has likely hit its bottom
Bernstein analysts believe Bitcoin has already bottomed and is poised to move higher. They argue the recent pullback reflects a reset in sentiment rather than weakening fundamentals, noting the absence of systemic stress seen in previous downturns. The firm also highlighted Bitcoin’s roughly 25% outperformance versus gold since late February, reinforcing its appeal as a portable, censorship-resistant asset during geopolitical uncertainty.
Bernstein maintained an “outperform” rating and a $450 price target on Strategy, describing it as a high-beta proxy for Bitcoin exposure with a resilient balance sheet. The company, chaired by Michael Saylor, holds about 3.6% of total Bitcoin supply, worth around $53.5 billion.
Across the broader crypto market, prices mostly declined alongside Bitcoin. Ethereum edged down to $2,153.02, XRP fell 1.2%, and Solana dropped 1.1%, while Cardano rose 1.7%. Among memecoins, Dogecoin gained 0.4% and $TRUMP climbed 3.3%.
Sources: Anuron Mitra
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