Bitcoin and other major cryptocurrencies declined after renewed U.S.-Iran airstrikes escalated tensions, pushing oil prices higher. The conflict, involving attacks on ships and military installations, threatens to collapse the fragile ceasefire and has already driven oil above $100 per barrel earlier this year, stoking global inflation fears. Rising inflation expectations increase the likelihood of interest rate hikes, which typically weigh on riskier assets like cryptocurrencies. As a result, Bitcoin dropped nearly 1% to around $62,657, while other cryptos like Ether and XRP also fell, amid a stronger dollar and rising oil prices.
The Japanese yen is trading near its weakest level in four decades, prompting companies to diversify reserves by adding bitcoin and XRP to their balance sheets. SBI VC Trade reports rising corporate demand for these cryptocurrencies, driven by the ye...
Bitcoin ETFs attracted $21.435 million and Ethereum ETFs $26.925 million in inflows on July 7, marking consecutive days of net gains. This trend suggests growing institutional confidence and demand for regulated cryptocurrency exposure despite previo...
Ethereum's price ratio against Bitcoin (ETH/BTC) has rallied nearly 5% entering Q3, driven by optimism over the potential passing of the CLARITY Act, which could boost Ethereum's role in decentralized finance. BitMine Immersion increased its Ethereum...
Bitcoin, XRP, Solana, and Shiba Inu are showing tentative signs of recovery after recent sell-offs, but overall bullish momentum remains weak due to low liquidity and resistance at key moving averages. Bitcoin has rebounded to around $63,000 but face...
Clearstream, a major European post-trade services provider under Deutsche Börse Group, has expanded its cryptocurrency custody services beyond Bitcoin and Ethereum. The new additions include XRP, Stellar (XLM), Cardano (ADA), Solana (SOL), Litecoin (...
