Bitcoin has held steady above $62,000 despite escalating U.S.-Iran tensions and rising oil prices, signaling an end to panic selling that caused a 28% drop this year. Renewed inflows into U.S.-listed spot bitcoin ETFs and a sharp slowdown in spot market selling suggest that marginal sellers have exited the market. However, analysts caution that the recent price stability is mainly driven by speculative futures trading rather than strong spot demand, meaning prices could remain range-bound until more robust buying returns. Upcoming U.S. economic data and Federal Reserve testimony may influence bitcoin's near-term trajectory.
Bitcoin climbed above $63,000 supported by $197 million inflows into U.S. spot Bitcoin ETFs, ending weeks of withdrawals. This inflow indicates renewed institutional interest, helping stabilize Bitcoin prices despite global market volatility. Analyst...
Bitcoin fell below $63,000, dropping over 2%, after President Trump announced the reinstatement of the Iranian blockade in the Strait of Hormuz and introduced a 20% cargo fee for ships crossing the waterway under U.S. protection. This move escalates ...
Bitcoin fell about 1.4% to around $63,000 as renewed US-Iran hostilities caused risk-off sentiment, leading traders to take profits after a recent rally. Despite the drop, Bitcoin remains within its $59,000 to $66,000 trading range and has seen its f...
Bitcoin and Ethereum ETFs have reversed a recent trend of outflows, recording significant net inflows over the past day and week. Bitcoin ETFs gained 1,439 BTC ($89.69M) in one day and 2,763 BTC ($172.17M) over the week, while Ethereum ETFs saw inflo...
Bolivia is exploring the integration of USDT, a dollar-pegged stablecoin, into its national payment system to address a shortage of physical U.S. dollars. This move, still in the preliminary stage, could ease dollar-denominated transactions and cross...
