Bitcoin recovered to around $74,000 after President Donald Trump announced the end of the US naval blockade of the Strait of Hormuz, which had caused significant geopolitical tension and market volatility since early April. The blockade's end eased fears that had pushed Bitcoin down from mid-$73,000 to near $71,000 and caused oil prices to spike. Traders quickly unwound the 'war premium' built into crypto and oil markets, shifting focus back to broader economic factors like ETF flows and supply dynamics. The lifting of the blockade marks a potential turning point for Bitcoin to move beyond headline-driven volatility and refocus on domestic policy and institutional demand.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $73,440, up nearly 1%. Ethereum and other major coins like BNB and XRP also see modest gains. Some altcoins, including Injective Protocol (INJ) and Lab (LAB), experience...
Bitcoin has declined 5.42% over the past week, trading near $73,693 amid ongoing outflows from BlackRock’s iShares Bitcoin Trust (IBIT), signaling weakening institutional demand. Meanwhile, Wall Street is increasingly investing in artificial intellig...
Bitcoin's price dropped toward $73,000 this week as technical charts show a bearish pattern suggesting possible further declines to around $50,000. A wallet linked to Strategy, Bitcoin's largest corporate holder, transferred 411.48 BTC worth about $3...
The crypto market is recovering with gains in Bitcoin, Ethereum, and XRP following a U.S.-Iran ceasefire extension and dip buying by traders. Nearly $7.5 billion in crypto options are expiring today, creating cautious sentiment. Bitcoin shows bullish...
Strategy's CEO Phong Le revealed plans to raise over $80 billion to buy Bitcoin, reinforcing its position as the largest corporate Bitcoin holder with over 500,000 BTC. This large-scale purchase could drive up Bitcoin demand and prices in the short t...
