Bitcoin nears $70K as PMI boost sees BTC price leave Iran woes behind
Bitcoin price strength received a surprise bullish catalyst from US manufacturing data, helping to relieve tensions over Iran as US stocks floundered.
Bitcoin (BTC) surged toward $70,000 after Monday’s Wall Street open as crypto markets diverged from US stocks.
Key points:
Bitcoin reacts to positive US manufacturing data as bulls manage to sideline geopolitical tensions.