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Bitcoin Price Rebounds Toward $65K After Qatar Reveals US-Iran Deal Draft
['Kelvin Munene', 'Kelvin Munene Is A Senior Crypto Journalist', 'Editor With Over Seven Years Of Experience Covering Digital Assets', 'Blockchain Technology', 'Markets. He Has Worked With Top Crypto Publishers In Roles Including Senior Journalist', 'Sub-Editor', 'Editor', 'Shaping Timely News Coverage', 'Editorial Strategy Across The Crypto', 'Stocks Sector.']
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Qatar said mediators were exchanging draft proposals aimed at restarting negotiations and easing tensions around the Strait of Hormuz.
Bitcoin Price Recovers Above $64,000Bitcoin price rose from an intraday low near $63,293 to about $64,438 before easing slightly.
Qatar Says Draft Proposals Are CirculatingQatar’s Foreign Ministry spokesperson, Majed Al-Ansari, said diplomatic contacts had reached advanced stages.
Bitcoin Faces Resistance Below $65,000Meanwhile, Bitcoin faces immediate resistance at $65,000.
The intraday low near $63,293 also provides a reference level for traders monitoring price direction.