Bitcoin rally extends toward $73K despite concerning US economic data

Bitcoin rally extends toward K despite concerning US economic data

Bitcoin rally extends toward $73K despite concerning US economic data

Bitcoin continues to show strength even as US recession risks rise and the fragile ceasefire with Iran begins to show cracks.

Key takeaways:

Bitcoin climbed to $72,000 as rising recession odds and a weak US dollar boosted the appeal of scarce financial assets.

Rising oil prices and a wobbly truce with Iran threaten to reverse Bitcoin’s recent gains.

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