Bitcoin is posting solid gains today, rebounding alongside the positive opening of equity markets after a turbulent weekend. BTC ETFs have returned to buying activity and have accumulated the cryptocurrency for nearly 10 consecutive trading sessions.

• The market appears to be gradually shifting its focus away from the situation in Iran and the Middle East, likely expecting shipping traffic through the Strait of Hormuz to normalize within a few weeks. As a result, traders are not anticipating a lasting disruption to oil supply in the short term. Strategic reserves released in the United States and the Middle East/Africa region (MEA) are also helping ease concerns about a potential shock in the oil market.