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Maroc Maroc - WN.COM - Business - 08/Apr 17:31

Bitcoin jumps on ceasefire optimism, but breakout hinges on inflation

Cryptocurrency markets rallied sharply after a temporary ceasefire between the US and Iran eased geopolitical tensions and pushed oil prices lower, boosting appetite for risk assets and lifting Bitcoin to a three-week high above $72,000. Analysts say the rebound signals improving sentiment but caution that a sustained breakout will depend on inflation trends, interest-rate expectations and institutional flows in the months ahead. Bitcoin climbed as much as 4.9 per cent to about $72,700 in early Asian trading before settling near $71,000, its strongest level since mid-March. The gains followed news that Donald Trump...

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