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One platform for global traditional assets
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10K+ Skills
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Bitcoin Pulls Back From $79,399 After Iran Relief Rally Meets Sellers
Bitcoin rose to $79,399 before reversing to $77,705 on Monday after a risk-on move tied to a report that Iran offered a new proposal to the US on the Strait of Hormuz. Asian equities rallied on the headline, while Brent crude pared earlier gains to trade 1% higher at $106.50. Rachael Lucas of BTC Markets said selling emerged near $80,000 because many recent buyers were approaching breakeven. The Federal Reserve and European Central Bank both have policy decisions this week.