Bitcoin Rebounds Past $73,400 Amidst Oil Retreat

Bitcoin has reversed significant weekend losses, climbing back to $73,400 as traditional markets showed resilience. This recovery occurred alongside a surge in stock prices and a decline in crude oil prices back below $100 per barrel. The geopolitical tensions involving the U.S. and Iran, including the blockade of the Strait of Hormuz, initially caused a dip in risk assets, but markets ultimately shrugged off the news. Strategy's continued aggressive Bitcoin accumulation, funded by preferred stock issuance, further supported the cryptocurrency's upward momentum.