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 geopolitical tensions between the U.S. and Iran, affecting one of the world's key oil shipping routes and causing increased uncertainty in global markets. Traders now see only a 16% chance that shipping will normalize by August 31, reflecting growing pessimism about the situation. Bitcoin's price momentum weakened as it failed to hold key technical levels, while geopolitical risks continue to pressure risk assets.
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
Bitcoin has defied its usual August trend by climbing over 25% this month, with selling pressure from short-term holders easing and buying interest, especially from U.S. investors, increasing. This surge has pushed Bitcoin back toward the $80,000 mar...
Cryptocurrency markets saw mixed movements with Bitcoin rising nearly 2% to above $80,000, signaling strong investor interest. Ethereum and Binance Coin also posted moderate gains, while Solana surged almost 13%, highlighting growing momentum in cert...
Bitcoin surged 26% from its mid-August low, driven by forced short position liquidations worth $1.4 billion and strong inflows of $2.23 billion into Bitcoin ETFs. This rally is supported by broad accumulation in long-term institutional wallets, signa...
Bitcoin surged past the $80,000 mark after overcoming a key resistance at $79,000, pushing its market cap to $1.61 trillion and setting up for a 20% gain in August. This rally coincides with the U.S. Treasury's plan to auction $92 billion in short-te...
