Bitcoin's price dropped to around $62,000 amid renewed conflict between the U.S. and Iran, which caused oil prices to surge about 5%. This geopolitical tension undermines earlier optimism from falling inflation breakevens, as U.S. consumer inflation expectations rose to their highest since 2023. The Federal Reserve remains committed to lowering inflation to 2%, but rising energy costs and consumer concerns could complicate monetary policy decisions. Investors are also awaiting the Fed's June meeting minutes, which could influence market direction amid current volatility.
Renewed military conflict between the US and Iran sparked a broad sell-off in crypto markets, with Bitcoin and Ethereum dropping over 2%. The CoinDesk 20 Index fell 2.9%, while altcoins like Jupiter and Ether.fi saw losses exceeding 5%. Rising geopol...
Santiment reports that Bitcoin and Ethereum held on centralized exchanges are near all-time lows, indicating fewer coins are immediately available for sale. This trend suggests holders prefer self-custody or staking, reducing near-term selling pressu...
Bitcoin traded near $62,920, pressured by renewed U.S.-Iran strikes that lifted oil and the dollar, causing crypto markets to weaken. Despite $21.4 million inflows into U.S. spot Bitcoin ETFs providing some support, technical indicators like MACD and...
Bitcoin and Ethereum supplies on exchanges have dropped to their lowest levels since 2017 and 2015 respectively, indicating a shift toward long-term holding and staking. This trend reflects growing investor confidence, possibly driven by institutiona...
Japan's prolonged yen weakness is driving more companies to adopt cryptocurrencies like Bitcoin and XRP as alternatives to holding cash. SBI VC Trade, a crypto exchange by SBI Holdings, reports increased corporate demand and a doubling of registered ...
