IB1T.L is trading at £6.55, up 3.14%, as Bitcoin’s rebound above $85,000 appears to be the clearest direct catalyst.
- Reports of short-covering and a softer dollar accompanied Bitcoin’s move. Investors were also watching the U.S. September jobs report, with anticipation affecting broader risk appetite.
- Softer U.S. inflation had supported risk sentiment, while elevated Treasury yields and mixed ETF flows remained counterweights. Evidence points to crypto-specific momentum, rather than broad equity strength alone, as the closer driver.