Bitcoin Hits $73,000 Amid Ceasefire Rally, But Coinbase Chief Gives Caution
BeInCrypto
Bitcoin reached $73,000 following a US-Iran ceasefire, though Coinbase expert David Duong warns that underlying geopolitical and inflationary risks persist.Summary
Bitcoin prices climbed above $73,000 due to a temporary US-Iran ceasefire that eased market tensions. However, David Duong, Coinbase's Head of Investment Research, advises caution, noting that core disputes remain unresolved and the Strait of Hormuz is not fully operational. Furthermore, recent CPI reports showing a significant spike in gasoline prices and strong labor data complicate the Federal Reserve's path, leaving markets vulnerable to further instability if oil prices climb back above $100.
(Source：BeInCrypto)