Oil jumped above $112 on threats to destroy Iranian infrastructure if no agreement is reached by midnight, while crypto markets gave back Monday's ceasefire rally gains.
Activity on the Bitcoin network has increased following months of declines, but the price is still anchored below $70,000.
Institutional interest in Bitcoin spot ETFs suggests growing confidence in crypto as a macro hedge amid geopolitical uncertainties. Bitcoin spot ETFs attract nearly $500M as BlackRock leads institutional interest.
Institutional confidence in Bitcoin's potential surge could drive market dynamics, despite geopolitical tensions and current trading inactivity. Bitcoin spot ETFs see $500M inflows as optimism grows for $100K target by June 30.
Buy, hold, wait – that's what most Bitcoin holders do, really.
West Texas Intermediate crude has hit $115 a barrel, gasoline prices in the US are up nearly 40% since late February, and Bitcoin is still trying to break through a wall it has failed to climb six times now. That is the world Bitcoin finds itself in on Monday as it briefly touched $69,550 — a modest 3.30% gain that nevertheless sent shockwaves through the derivatives market.
Glassnode data shows soft participation, while a negative gamma setup below $68,000 leaves BTC exposed to a faster move toward $60,000.
A crypto analyst has presented a new roadmap for Bitcoin (BTC), outlining his interpretation of past events and forecasting the market's next possible moves in the coming months. The analyst also shared insights into the market's psychology during key periods in the current cycle.
Bitcoin crossed $110,000 today. Strategy Incorporated grabbed 46,233 Bitcoin over the past month, way more than the 16,200 new coins miners produced during that same stretch.
Bitcoin price started a decent increase above the $68,800 zone. BTC is trimming gains and might revisit the $67,500 support zone.
A sharp wave of forced deleveraging in the XPL token dominated crypto market mechanics on Monday, even as Bitcoin (BTC) and Ethereum (ETH) pushed higher—an unusual combination that underscored resilient risk appetite alongside rising volatility risks. Over the past 24 hours, crypto derivatives liquidations totaled roughly $71.2 million, with XPL accounting for $27.81 million—about 39% of the total.
Bitcoin nears $70K after 11 days below, but a negative 86,000 BTC demand gap worth $5.95B signals weak buyer absorption and a shaky rebound.