Bitcoin remains steady above $62,000 despite escalating US-Iran tensions that have pushed oil prices up and gold prices down. Markets are now viewing geopolitical risks more as interest rate events, with bitcoin tracking Treasury yields closely rather than traditional safe havens like gold or crude oil. The key level to watch is $60,000; holding above this amid further conflict could confirm a shift from gold to bitcoin as a rates-sensitive asset. However, a drop below $60,000 would suggest the calm is temporary and market reactions to the conflict remain fragile.
Iran's Islamic Revolutionary Guard Corps launched missile and drone attacks on US military bases in Kuwait and Bahrain, escalating tensions with the US. Bitcoin prices briefly fell to around $99.5K amid initial panic but quickly rebounded as traders ...
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...
