After the war in Iran cut off a fifth of the world’s oil supply, oil prices surged, at one point reaching nearly $120 a barrel. But they did not rise, even though some analysts warned of a $200 barrel of oil, and prices have since fallen. At more than $80 per barrel, oil is expensive. […]
China varies the price of oil, even if it buys less Read More »
Crypto traders are hoping this week will provide a respite from months of geopolitical anxiety that have choked risk assets following Sunday’s announcement of an interim peace deal between the United States and Iran. Bitcoin climbed to nearly $66,000 on Monday, nearly 3.5% above Friday’s level, while cryptocurrency-related stocks including Strategy (MSTR) and Galaxy (GLXY)
: Crypto week ahead Read More »
The borrowing pushed the $1 pool to a 93% utilization rate, meaning that retail depositors who had lent $1 to the pool and hoped to withdraw at will could not do so until the loans were repaid. WLFI redeemed $25 million of the position, then minted $25 million in fresh USD a day later, actively
Trump stablecoin USD1 moves from $75 million DeFi drama to the White House lawn Read More »
ARK Invest purchased nearly 3.3 million shares of SpaceX (SPCX) as Elon Musk’s company went public Friday in the largest IPO ever, creating a stake worth more than $500 million by the end of the day. The shares, priced at $135 for sale, closed at $160.95, up more than 19.2% on their first day. The
Cathie Wood’s Ark Invest bought 3.3 million SpaceX shares on its IPO day Read More »
Bitcoin hits resistance at $66,380 after W bottom breakout: Live levels
Bitcoin hits resistance at $66,380 after W bottom breakout: Live levels Read More »
These carry trades have helped fuel bull markets on Wall Street and in government bond markets in advanced countries for years. Some analysts believe they have also supported crypto markets. As a result, a sudden decline could destabilize all markets, including Bitcoin. The current pattern is strikingly similar to the one leading up to the
Bitcoin rebounds to near $66,000 on optimism over US-Iran peace deal
Bitcoin rebounds to near $66,000 on optimism over US-Iran peace deal Read More »
The United States and Iran have reached an interim agreement to end the war and reopen the Strait of Hormuz, removing the macro weight that has weighed on crypto for weeks. Oil fell hard and stocks jumped, while bitcoin was little changed. Brent crude fell more than 4% to $83, a three-month low, as the
Bitcoin above $65,700, but new US-Iran strike threats remain Read More »
XRP’s rebound is starting to look less like a dead cat bounce and more like a market trying to build a base. Buyers pushed the token to $1.14, then $1.18, on the highest volume seen since the sell-off began, forcing traders to focus on whether the rally can continue into the $1.20 to $1.30 resistance
Ripple-related token climbs 4% to $1.18 as traders test next resistance zone Read More »
Bitcoin rose to its highest level in nearly two weeks after the United States and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, allaying energy supply fears that had weighed on markets for months. The token traded around $65,844 on Monday, up 2.1% over 24 hours, after hitting a low
Bitcoin tops $65,500 as US-Iran deal sends oil tumbling Read More »
