Bitcoin erases weekend decline, returns to $73,400 as oil retreats back under $100
CoinDesk
Bitcoin recovered to $73,400 after weekend geopolitical tensions eased, while oil prices dropped and equity markets posted gains.Summary
Bitcoin rebounded to $73,400 on Monday, recovering losses incurred over the weekend following geopolitical instability involving the U.S. and Iran. While news of a blockade in the Strait of Hormuz initially triggered a 4% decline, markets stabilized as crude oil prices retreated below $100 per barrel. Traditional stocks and crypto-related equities, including Circle and MARA Holdings, also saw significant gains. Additionally, Strategy continues to aggressively accumulate bitcoin, evidenced by high volume in its preferred stock, signaling further large-scale institutional purchases.
(Source：CoinDesk)