Bitcoin eyes $104K CME gap as analysis says 'World War 3' off the table

Bitcoin price strength gradually returns after multiweek lows as risk assets show overwhelming confidence that a long war in the Middle East will not happen.

Key points:

Bitcoin joins US stocks in shrugging off Middle East tensions — something analysis says shows belief that the conflict will soon end.

In a surprise turn, oil and gold face losses amid a lack of interest in safe havens.

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