The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin reached a two-week high above $65,500 on June 15 as geopolitical premiums began to fade. The surge followed a peace agreement to reopen the Strait of Hormuz, which removed the geopolitical risk premium from oil prices. This shift boosted investor appetite for risk assets, leading to the significant recovery in Bitcoin's value.