The US, Iran, and Oman are close to an interim deal to reopen the Strait of Hormuz, a vital oil shipping route, with talks focusing on suspending tolls and clearing naval mines. President Trump warned Iran of a strong military response if it backs out again. Oil prices dropped below $75 per barrel amid hopes for resolution, while Bitcoin rose above $64,000. Iran's new demands, including maritime fees and lifting US sanctions, could delay the agreement. Saudi Arabia is also engaged in talks to prevent conflict in the Red Sea.
Bitcoin is currently trading at $64,092, significantly below the Bitcoin Rainbow Chart's lowest valuation band of $105,087 for August 31. This chart, which tracks Bitcoin's long-term logarithmic growth, suggests the cryptocurrency is deeply undervalu...
The bitcoin 500-day rule, a strategy tied to bitcoin's four-year halving cycle, suggests buying around 500 days before a halving and selling about 500 days after, historically yielding strong profits. The next buy window is expected in late November ...
Zcash (ZEC), a privacy-focused cryptocurrency, is leading the recent crypto market rally with a nearly 6% gain in the past 24 hours. This performance outpaces major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which have only risen 0.6% and 0...
Japan has reclassified XRP, Bitcoin, Ether, and about 100 other cryptocurrencies as financial products rather than payment instruments. This shift could lower tax rates on crypto gains from as high as 55% to a flat 20%, aligning crypto profits with s...
On August 4, spot ETFs for Bitcoin, Ethereum, and Solana recorded significant net inflows of $211.49 million, $53.75 million, and $1 million respectively, indicating growing investor demand. These inflows suggest positive market sentiment and could c...
