Bitcoin is holding above $78,000 as renewed conflict in the Middle East weighs on stocks and pushes crude oil higher. Decrypt reported that the largest cryptocurrency is on course for its strongest monthly performance since 2017, despite pressure from a hawkish Federal Reserve and heightened geopolitical tensions. The market backdrop has been marked by weaker equities and firmer oil prices following US strikes on Iran. Bitcoin’s resilience contrasts with the broader risk-off pressure described in the report, although the cryptocurrency remains exposed to the same macroeconomic and geopolitical developments affecting other markets. No specific move in Brent or WTI was provided, but both crude benchmarks were identified among the assets relevant to the report.
Source
Decrypt
This is an original Moneyiar brief based on the cited source.
Read original source ↗
