Bitcoin recovers to $84,200 after slide from $87,000
- —BTC gained 0.08% in 24 hours to trade near $84,200
- —Odds of a Fed rate hike rose from 50% to about 70%
- —Brent crude trades near $100 a barrel amid the US-Iran conflict
- —Iran proposed a plan to reopen the Strait of Hormuz within seven days
Why it matters: Easing tensions around Iran could pull oil lower, reducing inflation and rate pressure, which would support bitcoin.
Source: Newsbit