Bitcoin Recovers From Losses Driven by Middle East Tensions — Market Talk

Bitcoin edges higher as it recovers from recent losses driven by the conflict between Israel and Iran hitting investor appetite for risky assets. President Trump seems to have calmed fears over Middle East tensions after saying Israel and Iran could find a resolution to end the conflict, XTB's Kathleen Brooks says in a note. "We believe that the situation in the Middle East would need to deteriorate rapidly and enter a more dangerous phase for Bitcoin to fall below $100,000," she says. Bitcoin rises 1.9% to $106,736, according to LSEG. ([email protected])