Bitcoin climbs above $63K as easing oil prices lift risk appetite
The post Bitcoin climbs above $63K as easing oil prices lift risk appetite appeared on BitcoinEthereumNews.com. Bitcoin has climbed back above $63,000, gaining about 2% over the past 24 hours, as lower oil prices and softer U.S. bond yields have improved sentiment toward risk assets despite the crypto market remaining in extreme fear. Summary Bitcoin has climbed above $63,000 as easing oil prices and lower Treasury yields lifted risk appetite. The Crypto Fear & Greed Index remains in Extreme Fear, showing investor confidence is still weak. Technical indicators suggest improving momentum, with Bitcoin testing key resistance near $63,235. According to data from crypto.news, Bitcoin (BTC) traded around $63,250 on Thursday after recovering alongside other major cryptocurrencies as geopolitical concerns tied to Iran eased. The move followed a retreat in crude oil prices from recent highs and lower Treasury yields, conditions that often encourage investors to move back into higher-risk asset