Investing Cryptocurrency News·
Iran has launched a new maritime insurance platform for cargo moving through the Strait of Hormuz, with payments settled in Bitcoin, according to a report from Iran’s semi-official Fars News Agency. The project places Bitcoin inside one of the world’s most politically sensitive shipping corridors, where energy flows, sanctions pressure and maritime risk have become […]
Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and extended losses. The price is trading below $78,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,700 and $78,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $78,500 support zone. BTC remained in a bearish zone and extended losses below the $78,000 level. There was a move below the $77,500 level. The price even dipped below $77,000. A low was formed at $76,561 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low. Bitcoin is now trading below $77,500 and the 100 hourly simple moving
90% of the liquidations took place within an hour or so when BTC dumped to well below $77,000.
A busy week lies ahead on the US economic calendar, with Fed speeches, labor market data, and Nvidia earnings, while spot markets give up recent gains.
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Week in Review Bitcoin finished the week stubbornly battling with $80,000, while ethereum […]
Some analysts argue that a comparatively broadened, institutionalized buyer base for crypto today may prevent a repeat of the drawdowns seen in May 2018 and May 2022.
Anticipated Fed rate hikes may dampen gold's allure, while Strait of Hormuz tensions could disrupt global energy stability. The post Gold steady amid Fed rate hike fears; oil up on Strait of Hormuz tensions appeared first on Crypto Briefing.
The drone attack underscores the vulnerability of critical infrastructure, potentially heightening geopolitical tensions and impacting global oil markets. The post Oil prices rise to 2-week high after drone attack on UAE nuclear plant appeared first on Crypto Briefing.
