Bitcoin surged to nearly $65,844, its highest in two weeks, after the US and Iran agreed to reopen the Strait of Hormuz, easing long-standing energy supply concerns. This deal caused Brent crude oil prices to drop over 4%, reducing inflation pressure and improving market sentiment for risk assets including cryptocurrencies like ether, solana, and XRP. The agreement, expected to be formally signed soon, reversed the recent crypto selloff driven by geopolitical tensions and high oil prices. Market watchers now await whether institutional demand for bitcoin will sustain the rally or if gains will stall once the relief trade is fully priced in.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
