BTC Surges 5% as De-Escalation Hopes Boost Risk Sentiment

Bitcoin jumped above $81,000 on Thursday after investors welcomed signs that the US could limit further escalation in Iran. The news of potential de-escalation helped improve risk sentiment and caused a roughly 5% gain for BTC.

However, tensions between Russia and Ukraine remain elevated, with Russian attacks continuing to target Ukrainian economic and civilian infrastructure. A drone strike damaged warehouses at a Coca-Cola Beverages Ukraine facility in Kyiv Oblast, adding another major commercial target to the recent wave of attacks.

The Middle East conflict has an unusually direct link to financial markets due to its importance for global energy supplies, particularly through the Strait of Hormuz. Brent crude climbed toward $98 per barrel as traders continued to price the risk of disruption to oil shipments.