Bitcoin's price fell sharply by 3.5% to $61,481 due to escalating U.S.-Iran tensions and military exchanges, ending its July rally. This volatility erased $40 billion from bitcoin's market cap and triggered $372 million in total crypto liquidations, mostly from long positions. The Trump administration's decision to end sanctions waivers on Iranian oil and the threat of disrupted shipping lanes pushed oil prices above $80 per barrel, raising concerns about potential Fed rate hikes. If tensions ease, bitcoin could recover, but ongoing geopolitical risks keep the market uncertain.
Fidelity Digital Assets reports that while US home prices in USD have risen by over $100,000 since 2020, their cost in Bitcoin has dropped to about one-tenth, reflecting Bitcoin's strong appreciation. This trend highlights Bitcoin's growing purchasin...
XRP has gained 9.5% in the past week, driven by a sharp increase in spot market volumes, which rose from $42 million in May to $406 million recently. This surge reflects growing retail and institutional interest, even as the derivatives market shows ...
Former President Donald Trump expressed strong support for Bitcoin, calling it a powerful technology whose influence is underestimated. Speaking at the launch of Trump Accounts, he emphasized the strategic importance of the cryptocurrency industry in...
Most major cryptocurrencies, including Bitcoin and Ethereum, saw price declines of around 2-3% in recent trading. This broad sell-off reflects ongoing market volatility and investor caution amid uncertain economic conditions. Stablecoins remained ste...
Bitcoin and Ethereum, along with several other major cryptocurrencies, experienced significant price declines exceeding 3% in a recent market downturn. Bitcoin fell to around $62,020, while Ethereum dropped to approximately $1,730. This broad sell-of...
