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The post Bitcoin Inflation Outlook Clouds as Iran Conflict Sparks Oil Price Surge appeared on BitcoinEthereumNews.com. The bitcoin is manoeuvring a difficult macroeconomic environment as renewed U.S.-Iranian conflict stokes inflation fears and shakes financial markets. The cryptocurrency was trading near $62,000 after President Donald Trump declared the ceasefire with Iran was “over,” sparking renewed military clashes and sending oil prices up more than 5%. The rise in crude prices has complicated the inflation outlook just as investors are gauging the next move by the Federal Reserve. Market-based inflation expectations have eased in recent weeks but a New York Fed survey showed consumers expect inflation to stay high in the coming year, sending mixed signals to policymakers. Analysts will be poring over the minutes from the Fed’s June meeting for hints about where it intends to take interest rates next. Such a hawkish tone could weigh on risk assets like Bitcoin, especially as geopol
Read full articleA sudden escalation in U.S.-Iran tensions and military exchanges halted bitcoin’s July rally, triggering a 3.5% drop below $62,000. Geopolitical Tensions Halt Bitcoin Uptrend Bitcoin’s July uptrend came to a screeching halt Wednesday, tumbling below $62,000 as escalating Middle East tensions sparked fears that the shaky U.S.-Iran ceasefire had unraveled. Market data shows bitcoin nosedived […]
The post Bitcoin’s Potential Turnaround: 200-Week Moving Average Offers Hope appeared on BitcoinEthereumNews.com. As Bitcoin‘s price nears the $65,000 mark, there’s renewed scrutiny on market signals hinting at a possible cycle bottom. Analysts are closely examining short-term investor actions and long-term technical trends to assess the potential for a market rebound. Continue Reading:Bitcoin’s Potential Turnaround: 200-Week Moving Average Offers Hope Source: https://en.bitcoinhaber.net/bitcoins-potential-turnaround-200-week-moving-average-offers-hope
The indefinite postponement of the merger raises concerns about investor confidence and the viability of large-scale Bitcoin treasury strategies. The post BSTR Holdings and Cantor Fitzgerald scrap original de-SPAC merger terms, postpone shareholder vote indefinitely appeared first on Crypto Briefing.
Geopolitical tensions heighten market volatility, impacting crypto stability and signaling potential long-term risks for digital asset investments. The post Solana falls below $77 as Iran ceasefire collapses, Bitcoin drops to $62K appeared first on Crypto Briefing.
The post Pound Sterling Price News and Forecast: GBP/USD holds firm as Hormuz shock lifts Oil, Dollar appeared on BitcoinEthereumNews.com. British Pound holds firm as Hormuz shock lifts Oil, Dollar The Pound Sterling (GBP) posts modest gains during the North American session on Wednesday amid growing tensions in the Middle East, as US President Donald Trump’s said the deal with Iran was “over” after both countries exchanged attacks over the last couple of days. At the time of writing, the GBP/USD pair trades at 1.3371, up 0.09%. Read More… British Pound slumps against US Dollar as risky assets turn fragile The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets. Read More… British Pound declines to near 1.3350 as US launches strikes on Iran The GBP/USD pair loses traction to near 1.3355 during the A
The post British Pound holds firm as Hormuz shock lifts Oil, Dollar appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) posts modest gains during the North American session on Wednesday amid growing tensions in the Middle East, as US President Donald Trump’s said the deal with Iran was “over” after both countries exchanged attacks over the last couple of days. At the time of writing, the GBP/USD pair trades at 1.3371, up 0.09%. GBP/USD steadies as geopolitical risk offsets Dollar strength During the last couple of days, Tehran and Washington exchanged blows after Iran hit two vessels sailing through the Strait of Hormuz, triggering a response from the US. The US CENTCOM reported that it attacked 80 targets during the last two days. In addition to the attacks, the US reimposed sanctions on Iran’s Oil, while Trump threatened to resume the blockade in Hormuz. Energy prices jumped, with the US crude Oil benchmark, West Texas Intermediate (WTI), rising nearly 5% to $75.60. The US
The airstrikes risk destabilizing global markets and NATO alliances, potentially leading to prolonged conflict and geopolitical shifts. The post Trump launches airstrikes on Iran amid rising regional tensions appeared first on Crypto Briefing.
The post United States Dollar Index climbs as Middle East tensions, Fed rate hike bets lift demand appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY) consolidates modest gains on Wednesday as traders assess renewed tensions between the United States and Iran and the potential economic fallout. At the time of writing, the index, which tracks the Greenback’s value against a basket of six major currencies, is trading around 101.20, hitting a four-day high. The US Dollar (USD) strengthened after US President Donald Trump declared that the ceasefire deal with Iran was “over.” However, Reuters later reported, citing a source familiar with the talks, that Trump did not repeat those remarks during the closed NATO leaders’ meeting. Tensions escalated after renewed fighting between the United States and Iran overnight, following attacks on commercial vessels near the Strait of Hormuz. Trump warned that the US would “probably hit them again tonight” and added that “we may take over Kh
