Bitcoin Price Surges Amid Eased Oil Prices and Crypto Rule Advances
The price of Bitcoin jumped nearly 5% to around $81,015 after oil prices eased and U.S. crypto rules moved forward.
This rally comes as Saudi Arabia found alternative supply routes through Oman, easing fears of major supply and transit disruptions in the Middle East.
Strong inflows into U.S. Bitcoin ETFs also contributed to the price increase, with $591 million in net inflows over the past two days.