Bitcoin surged to an intraday high of $78,348 following Iran's announcement that the Strait of Hormuz is fully open amid a ceasefire, lifting its 24-hour gains to 4.1% and market cap to $1.56 trillion. The reopening eased energy inflation fears, causing Brent crude oil prices to fall below $89 per barrel and triggering a broad rally in global markets, including a 1.5% rise in the S&P 500. This rally led to massive liquidations of short positions in cryptocurrencies, wiping out over $810 million, with bitcoin shorts alone accounting for $273 million in a four-hour span. However, geopolitical risks remain as Iran's IRGC opposes U.S. blockades, potentially threatening the ceasefire's stability.
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cryptocurrency prices are fluctuating with Bitcoin trading above $65,000 and Ethereum near $1,920. Some coins like Zcash (ZEC) and Gnosis (GNO) have seen significant gains of 6.49% and 8.45% respectively, while others like DEXE and AAVE experienced n...
Cryptocurrency prices are fluctuating with Bitcoin rising 1.04% to $65,340 and Ethereum increasing 3.16% to $1,928.95. Other notable changes include Zcash up 6.67% and Dogecoin slightly down by 0.44%. These movements reflect ongoing volatility in the...
Bitcoin surged 4.37% following a cooler-than-expected CPI report, which reduced market fears of a rate hike and boosted risk appetite. This shift is supported by rising long positions and strong on-chain fundamentals, including increased wallet holde...
Morgan Stanley's Denny Galindo highlights that Solana (SOL) has historically been a better diversifier in crypto portfolios than Ether (ETH), despite SOL's higher volatility. Bitcoin remains a low-correlation asset with traditional markets, but addin...
