Crypto

Bitcoin Retreats Under $70K as IEA Weighs Historic Oil Reserve Release

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In brief

  • Bitcoin is trading near $69,240 following an IEA proposal to release over 182 million barrels of oil to rein in prices.
  • Surging oil prices elevate inflation concerns, potentially leading to higher interest rates that pressure risk assets.
  • Derivatives data show traders paying a premium…

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