After dipping over the weekend as the U.S. began strikes against Iran, bitcoin BTC$68,868.71 shot higher on Monday, at one point nearing $70,000 before pulling back to the current $69,000.
Bitcoin's 5% spike higher Monday driven by short-covering, not fresh buying, says analyst.
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AI INSIGHT
Bitcoin jumps about 5% on Monday to $68,868.71; peaks near $70,000 before pulling back to roughly $69,000; analyst says spike was driven by short-covering, not fresh buying.
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