Bitcoin Recovers From Asian-Session Lows as Falling Oil Price Supports Risk Appetite
Key Highlights Bitcoin surged above $86,000 after breaking the May high, driven by nearly $1 billion in single-day spot ETF inflows—the largest since October 2024. WTI crude oil dropped below $90 a barrel on reports Iran may reopen the Strait of Hormuz, easing inflation fears and reducing pressure for further Federal Reserve rate hikes. Broad ...