Bitcoin traded near $62,600 with little change over the week as renewed tensions between the U.S. and Iran pushed oil prices higher, increasing inflation concerns. The U.S. reinstated a blockade on Iranian ships, raising geopolitical risks and causing Brent crude to rise about 2.8%. This inflation pressure could prompt the Federal Reserve to hike interest rates again, which typically weighs on cryptocurrencies. Investors now await the upcoming June inflation report, which will influence the Fed's next move ahead of its July meeting.
The Altcoin Season Index increased to 56, up from 46 last week, indicating improving performance among large-cap altcoins but still below the 75 threshold for a full altcoin season. Bitcoin dominance remains steady at 58.2%, showing that most market ...
Economist Peter Schiff expressed regret for not buying Bitcoin when he first learned about it but remains firm that he will not buy the cryptocurrency now, even if its price falls to $20,000. Schiff has a long-standing bearish view on Bitcoin, freque...
Major cryptocurrencies, including Bitcoin, fell by more than 2% as traders increased expectations for a Federal Reserve interest rate hike in July. This shift is driven by rising U.S.-Iran tensions, surging oil prices, and hawkish Fed comments, pushi...
Bitcoin has rebounded from around $58,000 to trade near $63,000-$64,000, approaching a key resistance zone at the 50-day EMA near $64,600. Despite multiple tests, it has yet to break out decisively, but technical signals like higher lows and a rising...
Canadian rapper Drake lost $1 million on a Bitcoin-funded bet after Conor McGregor was quickly defeated by Max Holloway at UFC 329. McGregor injured his knee early in the fight, leading to a swift referee stoppage just over a minute in. This loss add...
