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Bitcoin (BTC) returned to $64,000 after Monday’s Wall Street open as US stocks gave way to gold.
Key points:
- Bitcoin continues a rebound from Sunday’s weekly close, gaining 2% on Monday.
- Oil stays steady after US president Donald Trump threatens to bomb Oman over the Strait of Hormuz.
- Bitcoin funding rates hit 20-month highs of 0.022 last week, data reveals.Â
Bitcoin inches up as US-Iran rhetoric spreads to Oman
Data from TradingView showed BTC/USD up by more than 2% on the day, rebounding from Sunday’s weekly close.Â
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US equities turned lower as an agreed 60-day ceasefire between the US and Iran was set to expire, with the S&P 500 index down 0.5% from Thursday’s all-time highs.Â
S&P 500 one-hour chart. Source: Cointelegraph/TradingView
Speaking to Fox News, Trump threatened Oman with military action amid an ongoing dispute over the reopening of the Strait of Hormuz oil…
