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BullishBitcoin surpasses $70,000 amid optimism for a possible end to the conflict
The leading cryptocurrency has temporarily surpassed this level, a threshold not reached since March 25, in a context of optimism driven by expectations of the opening of the Strait of Hormuz.
The leading cryptocurrency, Bitcoin, has temporarily surpassed $70,000 this Monday, a threshold not reached since March 25, in a context of optimism driven by expectations of the opening of the Strait of Hormuz, through which one-fifth of the world's oil flows, and a possible end to the conflict in Iran.
The digital currency crossed the psychological barrier of $70,000 at 11:22 AM, when its price was set at $70,146, although it has deflated to $69,900 at 6:00 PM despite rising by 4%. However, Bitcoin's revaluation still remains far from its historical maximum, set at $125,000 and achieved on October 6. Since then, the cryptocurrency has fallen by 43.6% on the stock market.
Regarding the rise recorded this Monday, analysts from XTB note that market sentiment around Bitcoin is gradually improving, supported by a slight weakening of the U.S. dollar.
The leading cryptocurrency has temporarily surpassed this level, a threshold not reached since March 25, in a context of optimism driven by expectations of the opening of the Strait of Hormuz.
The leading cryptocurrency, Bitcoin, has temporarily surpassed $70,000 this Monday, a threshold not reached since March 25, in a context of optimism driven by expectations of the opening of the Strait of Hormuz, through which one-fifth of the world's oil flows, and a possible end to the conflict in Iran.
The digital currency crossed the psychological barrier of $70,000 at 11:22 AM, when its price was set at $70,146, although it has deflated to $69,900 at 6:00 PM despite rising by 4%. However, Bitcoin's revaluation still remains far from its historical maximum, set at $125,000 and achieved on October 6. Since then, the cryptocurrency has fallen by 43.6% on the stock market.
Regarding the rise recorded this Monday, analysts from XTB note that market sentiment around Bitcoin is gradually improving, supported by a slight weakening of the U.S. dollar.
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