Bitcoin rebounds to $106K amid Middle East ceasefire and rate cut bets
Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East.
Key takeaways:
Bitcoin swiftly rebounded to $106,000, signaling firm institutional investor demand despite growing global unrest.
A sharp 8% drop in Bitcoin’s hashrate raised concerns over mining stability amid Middle East tensions.