#btc BTC recovered above the $70,000 level during Asian trading on Tuesday, as risk appetite returned after President Donald Trump stated that the ongoing war between the US and Israel with Iran may soon come to an end.
BTC briefly fell to around $65,000 over the previous 24 hours as investors shied away from riskier assets amid a sharp rise in oil prices, raising concerns about global inflation.
Positive sentiment followed a rise on Wall Street the previous evening.
However, traders remain cautious as events in the Middle East continue to impact commodity prices and global market sentiment.
Investors are now awaiting the release of the US Consumer Price Index for January on Wednesday, while the Personal Consumption Expenditures Price Index for February — the Federal Reserve's preferred inflation gauge — is expected on Thursday.
BTC briefly fell to around $65,000 over the previous 24 hours as investors shied away from riskier assets amid a sharp rise in oil prices, raising concerns about global inflation.
Positive sentiment followed a rise on Wall Street the previous evening.
However, traders remain cautious as events in the Middle East continue to impact commodity prices and global market sentiment.
Investors are now awaiting the release of the US Consumer Price Index for January on Wednesday, while the Personal Consumption Expenditures Price Index for February — the Federal Reserve's preferred inflation gauge — is expected on Thursday.
