Bitcoin Price Passes $75,000 as Iran War Turns It From ‘Digital Gold’ Into Geopolitical Settlement Bet
By Micah Zimmerman
Bitcoin's price surpassed $75,000 amid the Iran conflict, shifting its narrative from 'digital gold' to a geopolitical settlement asset as it outperformed stocks and gold. Spot markets face resistance at $75,000-$76,000, with potential breakout to $80,000 if support above $71,000 holds, while derivatives show 46 days of negative funding rates signaling a possible short squeeze. The rebound marks a 23% gain from February's $60,000 low despite tense macro conditions.
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