Bitcoin Touches US$108K, Triggered by Ceasefire & Weak Dollar
Bitcoin rose 2.7% to US$107,920 due to the Iran-Israel ceasefire & the weakening US Dollar. Other cryptos like Ethereum, Solana, and XRP also increased. Shares of MicroStrategy & Coinbase also rose. This indicates that investors view Bitcoin as a diversification asset & a wealth protector if the dollar falls.
