Bitcoin drops as Trump declares Iran ceasefire ‘over’ amid renewed Strait of Hormuz attacks

The post US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 09, 2026 04:03 Early Thursday, the U.S. launched new airstrikes on Iran, and Iran fired missiles affecting Bahrain, Kuwait and Qatar, raising doubts about any interim deal and the status of the Hormuz ceasefire. US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% U.S. Airstrikes on Iran Push Polymarket Odds of Strait of Hormuz Normalizing by July 31 Down to 4.5% U.S. airstrikes on Iran and Tehran’s reported missile fire toward Bahrain, Kuwait and Qatar have sharpened concerns about security around the Strait of Hormuz, a key route for commercial shipping. On Polymarket, traders have sharply reduced the odds that Strait of Hormuz traffic returns to normal by July 31, pushing the contract’s Yes price down to 4.5%. Key Takeaways Polymarket prices a 95.5% chance of “No” on Strait of Hormuz traffic returnin

The post Canadian Dollar gains ground on surging Oil, rising BoC hike bets appeared on BitcoinEthereumNews.com. The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday. Axios reported that the US strikes hit a rail line in Golestan province in northeastern Iran, near the border, using cruise missiles. It marked the first US strike on Iranian infrastructure since the ceasefire took hold. Iran said multiple US artillery shells struck a railway bridge west of Aghala in Golestan early Thursday, triggering several explosions. Earlier, US President Donald Trump said an interim agreement to end the war with Iran was “over.” Iranian Parliament speaker Mohammad Bagher Ghalibaf warned Washington that any U.S. military action will prompt retaliation. It is worth notin

The post Bitcoin Could Gain if Fed Backstops the $75 Trillion Equity Market appeared on BitcoinEthereumNews.com. Crypto News Bitcoin (BTC) could be an unexpected beneficiary if the U.S. Federal Reserve is eventually forced to buy equity exchange-traded funds to defend a sliding stock market, according to analysts weighing an increasingly discussed scenario. The argument rests on the sheer size of the U.S. equity market — now roughly $75 trillion — which many view as too large and too systemically important to be left in a prolonged bear market. Should the central bank step in with fresh liquidity, risk assets and altcoins have historically absorbed the overflow. Our reading is that any such intervention would echo the 2021 easing cycle that lifted crypto broadly and reset risk appetite across the board. The backdrop is a stock market that has expanded at a pace few expected. U.S. equities have grown about 68% over the past five years and added roughly $6 trillion in value this year alo

The post Bitcoin Holds Near $62K as Extreme Fear Grips Global Markets appeared on BitcoinEthereumNews.com. Crypto News Global risk appetite steadied on Thursday as South Korea’s KOSPI staged a sharp reversal and Bitcoin (BTC) held near $62,000. The benchmark index peaked at 7,539, a gain of nearly 4% from Wednesday’s close of 7,246.79, pulling it back above the threshold that had confirmed a bear market only a day earlier. The rebound handed Asian equities brief relief after a punishing midweek slide. For crypto traders tracking correlated risk assets, the move mattered, as digital assets and altcoins have moved in tandem with equities during recent volatility spikes, and Bitcoin’s grip on the $62,000 area mirrored the equity bounce even as sentiment stayed fragile across markets. The rebound followed a brutal Wednesday session. The KOSPI fell 5.35% to close at 7,246.79, its lowest level since May 20, sinking more than 20% below its June 22 record of 9,114.55 — the drawdown threshold t

The post Bitcoin demand still unable to outpace issuance as recovery remains fragile appeared on BitcoinEthereumNews.com. Compared to the tumultuous price action of early June, Bitcoin [BTC] has faced less volatility and liquidations at the start of July. However, this does not necessarily mean it is a month for recovery. There is no getting around the fact that Bitcoin demand has dramatically dropped. The spot ETF flows have been positive for the past three trading days, from July 2, but have been overwhelmingly negative since mid-May, with just three days of net inflows. Evidence continues to point toward a lack of Bitcoin buyer conviction Calculated as the difference between new issuance and the supply of Bitcoin that has been inactive for over a year, the apparent demand metric helps track whether accumulation trends among long-term holders are enough to absorb the new supply created by the network. Source: Darkfost on X Crypto analyst Darkfost observed that the metric has been neg

The post Bitcoin Hovers Near $62K as BlackRock Trims AI Stock Bets appeared on BitcoinEthereumNews.com. Crypto News The world’s largest asset manager has pared back its most AI-exposed equity positions, its global fixed-income chief said this week, describing the move as a rebalancing rather than a retreat. The firm trimmed holdings in companies whose earnings lean most heavily on the artificial-intelligence buildout, and separately cut a meaningful slice of its broader equity exposure. Management framed the decision as trimming winners, not abandoning the theme. Because the manager oversees more client money than any rival, its positioning draws outsized scrutiny, sharpening an existing debate over whether market concentration in a handful of AI leaders has stretched too far ahead of underlying earnings. The scale behind those comments is what gives them weight. The manager reported a record 13.9 trillion dollars in assets under management as of March 31, according to its regulatory f

The post SpaceX Moves Bitcoin After Six Months but 18,712 BTC Stash Stays Intact appeared on BitcoinEthereumNews.com. Bitcoin News SpaceX has moved Bitcoin for the first time in six months, on-chain data shows, reviving speculation that Elon Musk’s rocket company may be preparing to sell — though no disposal has been confirmed. Blockchain trackers flagged an $88 test transfer between wallets controlled by the firm, the first outbound Bitcoin activity from its addresses since early this year. Despite the renewed attention, SpaceX’s reported holdings remain unchanged at 18,712 BTC. The small transaction alone does not signal a sale, but it drew immediate market scrutiny given the company’s history of preceding larger wallet reshuffles with modest test sends. The nervousness stems from SpaceX’s track record of large custodial moves. In October 2025, the company relocated 2,495 BTC — worth roughly $257 million at the time — to two newly created wallets after months of dormancy. Earlier, in

The post Bitcoin Slips to $62K, Paring Its Rebound From the $57,700 Low appeared on BitcoinEthereumNews.com. Bitcoin News Bitcoin (BTC) slipped to around $62,000 on Tuesday, surrendering part of a rebound that had lifted it to $64,000 from last week’s bear-market low of $57,700. The pullback still leaves the largest cryptocurrency roughly 11% above that bottom and holding above the $60,000 level many desks treat as near-term support. Trading volume stayed elevated as the move unwound, but the retreat cooled a recovery that had gathered pace over prior sessions. Our reading of the flow is that the drop trimmed gains without breaking the structure of the bounce, leaving Bitcoin in a fragile recovery rather than a confirmed trend reversal off its cycle low. The recovery remains capped by weak internals. An on-chain composite score that aggregates market, on-chain and valuation conditions on a 0-to-100 scale sits at just 20, deep inside the bearish zone at or below 40 and far short of the