Bitcoin fell below $77,000 following US airstrikes on Iranian targets near the Strait of Hormuz, confirmed by President Trump as retaliation for Iran's failed sea mine attempt. The strikes heightened geopolitical risks, pushing Brent crude oil prices above $94 a barrel amid fears of supply disruptions. Rising oil prices increased inflation concerns and lowered chances of near-term US interest rate cuts, negatively impacting risk assets like Bitcoin. Investors are closely watching Iran's next moves, with $77,000 now a key support level for Bitcoin amid ongoing conflict uncertainty.
Bitcoin surged about 25% in August, making it the third-best August in its history, a month usually seen as weak for the asset. This strong performance reflects a mix of price momentum, investor demand, and improving sentiment, though no single cause...
U.S. spot Bitcoin ETFs attracted nearly $1 billion in inflows during the week ending August 28, marking nine consecutive days of net inflows. Despite this strong institutional demand, Bitcoin's price failed to sustain above $80,000, retreating to jus...
Bitcoin fell below $77,000 and Ethereum dropped under $2,400 amid renewed US-Iran conflict, which caused oil prices to surge above $94 and increased US Treasury yields to about 4.79%. This geopolitical tension heightened inflation concerns and expect...
Bitcoin surged from the $60,000–$65,000 range to nearly $80,000 following a historic short squeeze that liquidated over $4 billion in bearish positions, fueling a rapid price increase. This breakout above $67,000 marks a strong rally but not yet a co...
Bitcoin has maintained its price above $79,000 following a significant rally of nearly 25% throughout August. This strong performance reflects growing investor interest and confidence in the cryptocurrency market. Additionally, Bitcoin's spot trading...
