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Bitcoin crossed the $66,000 mark, lifted by two concurrent catalysts: a reported US-Iran peace agreement and a $100 million corporate purchase of the asset, according to Pluang.
The Two Catalysts The geopolitical development — a peace deal between the United States and Iran — appeared to reduce a risk-off overhang that has weighed on speculative assets.
Easing tensions in the Middle East historically reduce the safe-haven premium on oil while freeing capital that had been sitting on the sidelines of higher-risk trades.
The second driver was a reported $100 million institutional or corporate buy of $BTC. The identity of the buyer was not specified in the Pluang report.
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