Bitcoin Stages Tepid Recovery After Recent Losses — Market Talk

Bitcoin recovers only marginally after reaching a one-week low on Monday as lingering worries over the Iran war and expectations for further U.S. interest-rate rises curtail risk sentiment. President Trump's rejection of Iran's proposal for a seven-day ceasefire lifts oil prices and strengthens inflation concerns, making the rate backdrop less supportive for bitcoin, Zaye Capital Markets analyst Naeem Aslam says in a note. Trump's later comments that the conflict could end very soon while further action remains possible leave bitcoin exposed to fast changes in geopolitical risk, he says. Bitcoin rises 0.4% to $83,873 after hitting as low as $82,516 Monday, according to LSEG. It has pulled back from the near eight-month high of $87,315 reached last week.([email protected])