Bitcoin eyes $75,000, nearing 25% bounce from February bottom

Bitcoin is nearing a 25% bounce from its February bottom, eyeing $75,000, as easing tensions around the Strait of Hormuz lead to lower oil prices, benefiting crypto and stocks. This development suggests a positive short-term market impact. The decrease in oil prices may contribute to a decrease in inflation expectations, which could be beneficial for risk assets like Bitcoin and stocks.