Crypto markets experienced a reversal on Thursday after a selloff earlier in the week. The rebound was attributed to comments from Israeli Prime Minister Benjamin Netanyahu suggesting that the war may end faster than anticipated, which had a positive impact on risk assets and relieved some of the inflation and macro pressure on crypto.
Bitcoin, which had fallen below $69,000 during the selloff, rose to $70.4k as oil prices swung by up to 15% in intraday trading. Gold also fell 0.5% on the day.