April 13th, 2026 - 09:33 GMT
Bitcoin climbed to a three-week high of $73,800 last week, before pulling back amid renewed geopolitical uncertainty, according to the latest market commentary from eToro. Simon Peters, Crypto Analyst at eToro, noted that markets were initially supported by news of a temporary two-week ceasefire. However, sentiment weakened following the failure of the US and Iran to reach a broader agreement, alongside escalating tensions after the US Navy’s move to blockade Iran’s ports. “Geopolitical developments have reintroduced caution into the market after a brief period of optimism,” said Peters. Looking ahead ...