Brent crude oil prices dropped below $99 following President Trump's announcement that a US-Iran deal to reopen the Strait of Hormuz is largely negotiated, easing supply disruption fears. The Strait of Hormuz is critical, carrying about 20% of global oil trade, and its reopening could restore millions of barrels per day to the market. Analysts expect Brent to average $60 long-term if tensions ease, with WTI potentially falling into the $80s. Meanwhile, Bitcoin held steady near $77,000 during the US Memorial Day weekend, as crypto markets remained open while traditional US markets were closed. Traders await formal confirmation of the deal, which could significantly impact oil prices and market dynamics in the coming weeks.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
