“BTC price holds and stabilizes near its 200-week moving average (200-WMA) amid easing geopolitical tensions,” — this is how analysts comment on the market recovery after the US Senate passed a War Powers Act resolution to end the war with Iran. Moreover, experts believe that falling oil and gold prices, alongside surging stock futures, created a strong impulse for the return of risk appetite, allowing Bitcoin to establish itself above the $62,450 level.

As market researchers stated — “This can be tracked by a 30% increase in trading volume over the past 24 hours and a rise in derivatives market open interest, indicating a sharp improvement in trader sentiment.” But they further clarified that this does not mean the immediate launch of a long-term bull rally, as the resolution passed by the Senate and the House is largely symbolic and does not carry the force of law, while President Donald Trump has already called the vote “poorly timed and meaningless,” declaring his intention to conclude peace talks on his own terms.