Bitcoin rebounds to $106K amid Middle East ceasefire and rate cut bets – MAXBIT

Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East.

Key takeaways:

Bitcoin swiftly rebounded to $106,000, signaling firm institutional investor demand despite growing global unrest.

A sharp 8% drop in Bitcoin’s hashrate raised concerns over mining stability amid Middle East tensions.

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