Analyst: The tense situation in Iran's war has mixed effects on Bitcoin.

Zaye Capital Markets analyst Naeem Aslam said in a report that US President Trump's response to Iran's proposal to end the war with the US was "completely unacceptable," creating a mixed environment for Bitcoin. He said, "On one hand, the tougher rhetoric surrounding Iran could dampen appetite for speculative assets, as investors may turn to cash, gold, or the US dollar in the face of geopolitical pressures." He stated that on the other hand, geopolitical risks can strengthen the case for Bitcoin as an alternative investment, attracting investors looking to diversify and reduce reliance on traditional assets. He added that Friday's stronger-than-expected US non-farm payrolls report also had conflicting impacts on Bitcoin, as it eased concerns about economic recession but limited prospects of a US interest rate cut. Data from the London Stock Exchange Group showed Bitcoin rising by 0.6% to $81,151.