Bitcoin (CRYPTO: BTC) tapped $72,000 on Wednesday, renewing speculation about a potential run toward $90,000 as market sentiment turns more optimistic.
Ceasefire Spurs Market Confidence
In an email comment on Wednesday, CoinBureau CEO and co-founder Nic Puckrin said markets are reacting as if the conflict has ended, though uncertainty remains.
Key questions include the ceasefire’s durability and the status of the Strait of Hormuz.
Oil prices have eased to around $93, which could help ease inflation pressures. However, sustained prices above $90 may still drive inflation higher …