Bitcoin price avoids major Iran jitters as S&P 500 ‘short squeeze’ on horizon

Bitcoin and US stocks stayed strong in the face of US-Iran escalation as analysis predicted BTC price action outperforming equities later.

Bitcoin (BTC) held higher on Wednesday as crypto and risk assets continued to brush off US-Iran war tensions.

Key points:

Data from TradingView showed BTC/USD down 1% on the day, having earlier hit five-week highs near $67,000.

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