Bitcoin Recovers as Inflation Worries Grow Due to Conflict in Iran — Market Talk
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Bitcoin recovers from earlier falls after President Trump and Israel launched military attacks on Iran at the weekend. Although risk aversion is negative for bitcoin, the crypto currency tends to benefit from concerns about inflation as conflict in the Middle East causes oil prices to jump, 21shares' Stephen Coltman says in a note. "It makes sense that we have subsequently seen bitcoin prices recover over the weekend given it too benefits from higher inflation expectations," he says. Bitcoin rises 0.4% to $65,948, having fallen overnight, LSEG data show. Ether edges down 0.1% to $1,926.80. (jessica.fleetham@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260302001329:0/
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