Bitcoin Holds $64,000 as Surging Yields and Oil Drain Risk Appetite
5 Articles
5 Articles
Bitcoin breaks the $64,000 barrier in the midst of a complex global context, highlighting its resistance to the rise in sovereign debt returns and geopolitical tensions. We analyze the causes and perspectives of this phenomenon.
The bitcoin market regains a bit of momentum while tensions between Washington and Tehran dominate trade. The BTC/USD has crossed the $64,000, with a daily increase of more than 2%. At the same time, the US shares have declined and the gold has accelerated, increasing the contrasts between the main markets. This evolution comes as investors also monitor derivatives, where the financing rates report a very marked long position in the markets. The…
Bitcoin broke the $64,000 mark for the first time since August 11th. At 18:55 UTC, the price was at $64,063 after a previous day close of $62,832. The bottom line is an increase of around $1,230 or just under 2 percent.The explanation seems to be obvious. Saudi channel Al Arabiya reported on Monday, citing sources that the US and Iran had extended their 60-day ceasefire, which would have expired today. The Turkish agency Anadolu reported somethi…
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