Bitcoin stabilizes near $71,000 as Iran headlines cap upside and volatility

Bitcoin swung with geopolitical headlines this week, briefly slipping below $68,000 on Monday as oil jumped above $112 per barrel, then rebounding above $71,000 by Wednesday after ceasefire optimism surfaced. At 9am Eastern on Wednesday, BTC traded around $71,299, slightly higher than Tuesday and about $16,100 below its level a year earlier. Analysts point to continued risk-off sensitivity, while institutional accumulation and weak sentiment indicators frame the next potential catalyst around March 28.