-
Bitcoin Rises in Break With Stocks as Iran War Drives Oil Higher
Bitcoin advanced on Monday, with some advocates once again touting the digital asset as a potential inflation hedge, as trepidation over a prolonged war in Iran sent oil prices surging and stocks and bonds lower. The original cryptocurrency rose nearly 3% to trade around $69,000 in New York, with smaller tokens like Ether and Solana gaining as well. Markets have been rocked as the conflict in the Middle East showed no signs of easing, pushing oil past $100 a barrel and stoking concerns about an inflation crisis. “Oil’s rally and the inflation concerns it raises have put Bitcoin’s hedge credentials back in ... (full story)