Gold and silver prices plunged sharply, losing about $700 billion in market value in one day amid Iran's threat to close the Bab el-Mandeb Strait, a key shipping route. Gold dropped below $4,000 per ounce and silver fell to a seven-month low under $55.50. Despite this turmoil, Bitcoin remained stable near $64,000, showing resilience as a rare safe-haven asset compared to precious metals. The selloff was driven by a stronger dollar, rising US interest rate expectations, and significant outflows from gold ETFs, while investors moved funds into US dollars and short-term Treasuries. The key question now is whether Bitcoin can maintain its support level around $63,000 as gold and silver search for a bottom.
Cryptocurrency markets saw significant gains with Bitcoin rising 5.92% to $85,117 and Ethereum increasing 5.71% to $2,721.85. Other notable increases include Solana up 7.46%, Cardano up 10.55%, and Avalanche up 10.10%. This broad upward movement sugg...
The crypto market saw a sharp recovery with $450 million in short positions liquidated in four hours, driving Bitcoin to a 9-month high of $85,299. This surge was fueled by fading fears of Fed rate hikes, hopes for an end to the US-Iran conflict, and...
Bitcoin has gained 44% in the third quarter of 2026, its best quarterly performance since late 2024, outperforming gold, the S&P 500, and major tech stocks like Nvidia. This rally is driven by oversold conditions, a short squeeze, and a recent U.S. S...
Bitcoin's price on Bitfinex briefly surged to nearly $155,000 due to a split-second liquidity shortage and forced liquidations in the BTC-PERP futures market, while the spot price remained stable around $85,000. This glitch caused a short-term price ...
Dogecoin (DOGE) is trading around $0.092–$0.093, facing resistance near $0.093–$0.095, a level that has repeatedly blocked its recovery attempts. This rally lacks new Dogecoin-specific news or Elon Musk comments and is driven by a broader crypto mark...
