Bitcoin Tops $95,000 After US Travel Warning to Iran

Beincrypto reports Bitcoin jumped above $95,000 on Tuesday, reaching its highest level in more than 50 days after US officials urged citizens to leave Iran.

The US State Department told American citizens to "leave Iran now" and to prepare for prolonged communication outages as mass protests and disruptions continue, and markets moved into crypto amid rising geopolitical risk. Earlier in the day, stable US Consumer Price Index data removed pressure for new Federal Reserve rate hikes, which boosted risk appetite. Bitcoin began the day near $91,000 and rose more than 5% within hours, while Ethereum, Solana and XRP also climbed.

The move came after weeks of ETF-driven selling that earlier in January saw more than $6 billion in outflows and pushed Bitcoin toward an ETF cost basis near $86,000, where pressure eased and flows have since stabilized. Exchange data showed global buyers absorbing ETF-driven supply and Coinbase's premium turned negative, and if ETF inflows resume while geopolitical risk remains elevated, traders will look toward $100,000 as the next major test as Bitcoin rebuilds momentum and acts as both a macro asset and a crisis hedge.

Key Topics

Crypto, Bitcoin, Iran, Us State Department, Consumer Price Index, Bitcoin Etf