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Bitcoin briefly reclaims key $80,000 level
Bitcoin broke through the $80,000 level early Monday for the first time since January, but fell below that mark shortly after amid increased tensions with Iran. The move suggests that as bitcoin enters May, macro and geopolitical drivers continue to shape its narrative. Nic Puckrin, cofounder of Coin Bureau, told Sherwood News that the rally was driven by the easing in oil prices rather than strong buying, so bitcoin is reacting sharply as Brent futures surge back above $110 per barrel. “The two have been strongly inversely correlated throughout the war, so as long as Brent remains above $110, it will continue to ... (full story)
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