Bitcoin Price Breaks $64,000: Is the Iran Truce Really the Reason?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin broke above $64,000 on Monday as Al Arabiya reported a US-Iran truce extension. The chart says the rally started long before the headline.Bitcoin price pushed above $64,000 on Monday for the first time since 11 August, printing $64,063 at 18:55 UTC against a previous close of $62,832. That is a gain of roughly $1,230, or almost 2 percent on the day.The obvious explanation is sitting right there in the newsflow. Saudi broadcaster Al Arabiya reported on Monday, citing sources, that the United States and Iran had agreed to extend their 60-day truce, which expired today. Turkish agency Anadolu carried a similar report citing Pakistani government sources.It is a tidy story. It is also, on the evidence of the intraday chart, only partly true.How much did Bitcoin actually gain on Monday?$Bitcoin reclaimed the $64,000 level it lost on 11 August, closing the European session up close to 2 percent after a full day of steady buying.🔸 $BTC price: $64,063 at 18:55 UTC 🔸 Previous clos...