Bitcoin traded near $63,000, down 2% after the US launched a third round of strikes on Iran, prompting Tehran to close the Strait of Hormuz, a key oil shipping route. Brent crude oil prices surged 4.5% as tanker traffic through the strait dropped significantly. This escalation follows attacks on commercial vessels and marks the collapse of a recent ceasefire, raising concerns about inflation ahead of upcoming US consumer price data and the Federal Reserve's rate decisions. Market watchers will monitor if oil supply disruptions persist and how inflation data impacts risk assets like bitcoin.
Bitcoin fell below $63,000, dropping over 2%, after President Trump announced the reinstatement of the Iranian blockade in the Strait of Hormuz and introduced a 20% cargo fee for ships crossing the waterway under U.S. protection. This move escalates ...
Bitcoin has held steady above $62,000 despite escalating U.S.-Iran tensions and rising oil prices, signaling an end to panic selling that caused a 28% drop this year. Renewed inflows into U.S.-listed spot bitcoin ETFs and a sharp slowdown in spot mar...
Bitcoin fell about 1.4% to around $63,000 as renewed US-Iran hostilities caused risk-off sentiment, leading traders to take profits after a recent rally. Despite the drop, Bitcoin remains within its $59,000 to $66,000 trading range and has seen its f...
Bitcoin and Ethereum ETFs have reversed a recent trend of outflows, recording significant net inflows over the past day and week. Bitcoin ETFs gained 1,439 BTC ($89.69M) in one day and 2,763 BTC ($172.17M) over the week, while Ethereum ETFs saw inflo...
Bolivia is exploring the integration of USDT, a dollar-pegged stablecoin, into its national payment system to address a shortage of physical U.S. dollars. This move, still in the preliminary stage, could ease dollar-denominated transactions and cross...
