Bitcoin climbs back above $110K and to the highest since May 27 ...Middle East

The latest boost comes after Commerce Sec Howard Lutnick said that talks with China were going very well and would hopefully wrap up tonight (it's 8:30 pm in London).

That set off a round of bids in risk assets, particularly stocks and bitcoin. There may also be a tailwind for bitcoin on fresh EU sanctions on Russia and a proposal for lowering the oil price cap to $45 from $60, along with sanctions on those who sell refined Russian oil back into the EU.

This article was written by Adam Button at www.forexlive.com.

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