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Tensions surrounding the Iran situation have pushed the Bitcoin price up by 3%, reaching $69,200
On Monday morning, the Bitcoin price rose 3% to $69,200, while the Ethereum price rose 3.7%, outperforming falling S&P 500 index futures. The surge in risk-averse sentiment-driven crypto capital inflows helps absorb market volatility brought about by the Iran conflict, while the stock market remains cautious.
Key indicators:
• Bitcoin price: $69,200 (up 3% in the past 24 hours)
• Ethereum price: $5,200 (up 3.7% in the past 24 hours)
• Bitcoin price range: $63,000 - $72,000 (unchanged)
• Crude oil price: $110 per barrel (up 2% from last Friday)
• Funding rate: Neutral (about 0.01% every 8 hours)
• Whales: Cumulative decline nearing $68,000