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 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 mar...
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...
Cryptocurrency markets saw a general decline with Bitcoin falling 2.53% to $62,328 and Ethereum down 2.07% to $1,766.60. Most major altcoins like BNB, XRP, ADA, and UNI also dropped between 1.5% and 4%. However, a few tokens such as AVAX and NEAR exp...
