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Bitcoin holds above $78,000 as Middle East tensions and Fed fears persist
Bitcoin was on pace for its best month since 2017, even as renewed Middle East conflict lifted oil and weighed on stocks.
Bitcoin was holding steady above $78,000 amid renewed Middle East conflict and investor caution around the Federal Reserve, according to Decrypt.
The outlet said the largest cryptocurrency is on track for what would be its best month since 2017, despite a hawkish Fed backdrop.
Decrypt added that the same geopolitical tensions that rattle stocks also helped lift crude prices, a factor investors have been watching alongside risk sentiment for crypto.
Latest closeWTI crude $83.44 ▼0.1%|Bitcoin $78,863.32 ▲1.5%
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