Bitcoin and Gold saw sharp price jumps after news that US President Donald Trump temporarily halted planned military strikes against Iran. The decision followed what he described as “productive” talks, signaling a potential de-escalation in geopolitical tensions that had been weighing heavily on global markets.

Bitcoin quickly reclaimed the $70,000 level, while gold rebounded strongly from earlier lows. The sudden shift in sentiment triggered a wave of short liquidations across crypto markets, highlighting how sensitive risk assets remain to geopolitical developments.