Bitcoin zips higher to nearly $64,000 as chip rally and yen strength drive gains

CoinDesk·

Bitcoin zips higher to nearly $64,000 as chip rally and yen strength drive gains

60-second summary

Bitcoin surges nearly $64,000, up 4.2% over the past seven days marked by an oil shock, a bond selloff, and two U.S. strikes on Iran. The cryptocurrency benefits from a chip rally and yen strength, which typically supports risk assets. Market participants are closely watching the situation, awaiting potential price implications amidst the volatile global economic landscape.

Bitcoin is up 4.2% over seven days that contained an oil shock, a bond selloff and two rounds of U.S. strikes on Iran.