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Why is Bitcoin suddenly rallying?

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  • Bitcoin jumped toward $73,000 after a sharp rebound from about $63,000, which it hit after the weekend US and Israeli strikes on Iran.

  • ETF money is helping drive the rally, with US spot Bitcoin ETFs taking in more than $680 million over the past two days.

  • Risk mood improved as stocks climbed and oil stayed steady on signs the Iran conflict could be shorter than people feared, which helped crypto catch a bid.

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