Bitcoin balances $60K tightrope as US stocks rebound on fresh Iran peace deal hopes

60-second summary

Bitcoin hovers precariously above $60,000 as US stocks surge on renewed hopes for an Iran peace deal, sparking concerns about a lack of conviction among BTC buyers. Analysts warn that the market's current state is unsustainable, with many investors holding onto their positions rather than making bold moves, keeping the crypto's price vulnerable to a downturn.