Bitcoin may retest $60K amid US tariff, Iran tensions

Bitcoin is expected to retest the $60,000 level amid an ongoing crypto market downturn and macroeconomic uncertainty, Bloomberg reported. Caroline Mauron, co-founder of Orbit Markets, stated that the crypto market remains fragile, with participants closely watching the $60,000 support line. She added that macro uncertainties, including tensions in Iran and confusion over U.S. tariffs, are pressuring the market and could trigger a retest of that price. Meanwhile, BTC Markets analyst Rachael Lucas suggested that for Bitcoin to turn bullish, it must first reclaim the $70,000 mark.