Bitcoin rebounds above $82,000 as oil’s retreat lifts risk mood

Bitcoin rose back above $82,000 on Monday, rebounding with risk assets as oil prices declined. | Photo Credit: iStockphoto Bitcoin rose back above $82,000 on Monday, rebounding with risk assets as oil prices declined. The original cryptocurrency climbed as much as 2.4 per cent and was hovering around $82,600 in early London trading. Smaller tokens also advanced. Ether was up as much as 3.7 per cent, while Solana gained more than 4.7 per cent. Cryptocurrencies have joined a tentative recovery in risk appetite after oil retreated from a five-month high on signs that supplies from the Middle East have held up since the US war with Iran broke out.

First reported by The Hindu BusinessLine. This page is a short excerpt; the full text is theirs.