Bitcoin nears $73K as recession risks and weaker dollar support demand

Bitcoin continues to show strength even as US recession risks rise and the fragile ceasefire with Iran begins to show cracks.

Key takeaways:

Bitcoin climbed to $72,000 as increasing recession odds and a weak US dollar boosted the appeal of scarce financial assets.

Rising oil prices and a wobbly truce with Iran threaten to reverse Bitcoin’s recent gains.

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