Latin America is seeing increased crypto regulation as Paraguay introduces stricter reporting requirements for digital asset transactions.

Iran’s nationwide internet shutdown has surpassed 360 hours, leaving much of the country disconnected from the global internet for more than two weeks.

Bitcoin has climbed to a weekly high of around $71,500, even as geopolitical tensions in the Middle East continue to pressure global markets. The surge comes while equities remain volatile and crude oil prices spike amid concerns over supply disruptions tied to the regional conflict.

Crypto analyst Benjamin Cowen says Bitcoin could fall below $60,000 as part of the current market cycle. According to Cowen, historical patterns suggest Bitcoin often weakens after a short rally, especially during mid-cycle periods when market momentum begins to fade.