Bitcoin dropped 2.1% to $75,633 and other major cryptocurrencies like Ether, Solana, and XRP also declined as Brent crude oil surged 7.1% to $126 a barrel, reaching a four-year high. The spike in oil prices is driven by renewed fears of US military escalation against Iran, including reports of potential deployment of hypersonic missiles and a naval blockade affecting the Strait of Hormuz. Analysts say Bitcoin is unlikely to surpass $80,000 unless Middle East tensions ease and oil prices fall below $100 per barrel, which could trigger a broader rally in risk assets. The ongoing conflict and rising oil prices are creating a war premium that weighs on cryptocurrencies and other risk assets globally.
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
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...
