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Bitcoin passes $81,000 as optimism builds
Bitcoin not only broke the $80,000 level but hit $81,600 Tuesday morning, its highest point since late January. Optimism for progress on the CLARITY Act, as well as the Iran ceasefire holding despite tensions, are among the factors driving this rally. Rajiv Sawhney, head of international portfolio management at Wave Digital Assets, told Sherwood News that bitcoin’s move was “very simple.” “De-escalation on the US-Iran situation in the short term. Until we get more clarity on whether the attack on US warships will escalate, I think in general risk assets will trade heavily,” Sawhney said. Another positive ... (full story)