World · Market · United States ·
Bitcoin nears $65,000 on macro bid from oil and inflation hopes
Bitcoin approached $65,000 as Trump's comments on jobs, inflation and a possible Strait of Hormuz deal bolstered risk sentiment. The move reflects investor hopes that lower oil prices could pull down Treasury yields and the dollar.
Why it matters for the crypto market
Macro drivers, particularly inflation expectations and dollar weakness, are primary movers of Bitcoin price and institutional positioning.
Source: CoinDesk
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