Bitcoin reached a new 11-week high of $72,505 on Bitstamp, surging more than 4% on the day after US President Donald Trump threatened Iran with the « most crushing economic operation ever taken against any country, » calling it « Economic D-Day. » The announcement also triggered a rebound in US government bond yields, with the 30-year yield rising 9 basis points to 5.266%, while WTI crude oil hit $87.69 per barrel, its highest level since July. Several analysts remain skeptical about the durability of this upward move, with Rekt Capital stating that Bitcoin needs to rally significantly more to invalidate the bear market thesis. However, Ki Young Ju, CEO of CryptoQuant, flagged the return of positive demand on both spot and derivatives markets, a phenomenon that if sustained could mark the end of the bear cycle.
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