Simon Peters, cryptoasset market analyst at multi-asset investment platform eToro, says:
Bitcoin rallies to three-week high. Morgan Stanley launches spot bitcoin ETF
Bitcoin reached a three-week high of $73,800 last week, but has pulled back amid renewed geopolitical uncertainty following US Vice President JD Vance’s visit to Islamabad and the failure of the US and Iran to reach a formal agreement.
Markets were buoyed earlier in the week on the news of a two-week ceasefire; however, the failure to reach a broader deal to end the conflict, along with the US Navy’s move to blockade Iran’s ports, has brought a degree of caution back to the markets.
Looking ahead this week, alongside any further geopolitical developments, traders and investors will be focussing on the upcoming Producer Price Index (PPI) inflation data from the US. Investors will be watching to see if the recent spike in oil prices is starting to creep ...

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