Bitcoin price news: BTC takes aim at $69,000 as stocks shrug off Iran strikes
Bitcoin surged past $68,000 as U.S. stocks showed minimal losses despite geopolitical tensions and strong manufacturing data.Summary
Bitcoin rebounded to $68,600, rising 2.3% in early U.S. trading, while U.S. stock indices experienced only modest losses, shrugging off overnight fears related to Middle East conflict. Futures had previously indicated drops exceeding 2%, but the Nasdaq, S&P 500, and DJIA were barely lower an hour into the session. Gold and crude oil remained significantly higher, and the U.S. dollar index gained 1%. Crypto-related stocks also saw gains, led by Circle. This market action occurred alongside positive U.S. manufacturing data, with the ISM manufacturing PMI hitting 52.4, signaling expansion. Given the geopolitical tensions, higher oil prices, and strong economic data, expectations for a March Federal Reserve rate cut appear diminished, though markets may have already priced in tighter monetary policy.
(Source：CoinDesk)