On Friday, Treasury Secretary Scott Bessent said that the US has confiscated around $1 billion worth of Iranian cryptocurrency. He also mentioned that some of the wallet owners may not even be aware that their funds has been confiscated. “I believe that we have seized about a billion dollars of their
The post Iran’s Baghaei: Constant change of US positions and Israel-Lebanon conflicts cause delay in deal appeared on BitcoinEthereumNews.com.
Iran’s Foreign Ministry spokesperson Esmail Baghaei said in the European session on Monday that ‘aggressive action’ by the United States (US) is a ceasefire violation, and it led Iranian armed forces to target positions from which US attacks originated. On Israel-Lebanon conflicts, Iran’s Bahgaei said, “Ceasefire in Lebanon is integral part of any agreement to end war with US.” Bahgaei also condemned Washington’s revised terms of a peace deal, warning that they are causing a delay in the deal’s finalization. “Lack of trust, constant change of positions by US and Israeli actions in Lebanon are causing delay in diplomatic process,” Baghaei said. Regarding Iran’s attacks on Kuwait, Baghaei said, “Kuwait should clarify as soon as possible the situation of four detained Iranian citizens.” Meanwhile, Kuwait’s Foreign Ministry also condemned Iranian at
The post Crypto Market Crash: BTC, ETH, XRP Liquidations Hit $282M As US Bombs Iran appeared on BitcoinEthereumNews.com.
Derivatives traders entered risk-off mode as the latest crypto market crash that intensified over the weekend. The decline in cryptocurrencies comes after the United States confirmed military strikes on Iranian targets. It even led to nearly $293 million in derivatives liquidations. Crypto Market Declines Amid US-Iran Conflict Market data indicates that Bitcoin (BTC) has experienced a drop below the crucial $73,000 level. The BTC price fell to $72,756 at press time. Meanwhile, Ethereum (ETH) is down 1.1% to $1,975. BTC price chart today. Source: TradingView On the other hand, Ripple’s XRP has seen a slight 0.3% drop to $1.30 amid the crypto market crash. The major cryptocurrencies such as Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) also suffered. The crypto market crash came after a dramatic escalation between Washington and Tehran. After Iran downed an American
The post WTI Oil returns above $89.00 as tensions in the Middle East rise appeared on BitcoinEthereumNews.com.
Crude prices are trading higher on Monday, with the barrel of the US benchmark West Texas Intermediate (WTI) changing hands at $89.40 at the time of writing, nearly $3 higher than last week’s closing price. Recent skirmishes between the US and Iran and the extension of the Israeli occupation in Lebanon are triggering fears of further escalation of the war. The peace process between Washington and Tehran remains stalled, with the memorandum of understanding still awaiting US President Donald Trump’s signature since Friday, and tensions in the Gulf region escalating The US announced a new wave of strikes on Iran’s Military sites, while Iranian authorities said that they targeted a US base, and Kuwait reported the interception of missiles and hostile drones. Apart from that, Israel has stepped up its operations in Lebanon, and Prime Minister Benjamin Netanyahu announced attacks
The post Fed: Later cuts as inflation persists – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank’s Senior US Strategist Philip Marey updates his United States (US) and Federal Reserve (Fed) outlook, highlighting a shift by the FOMC away from an easing bias ahead of Warsh’s first meeting. Marey notes that developments in the Middle East are likely to keep energy prices elevated. As a result, Rabobank now expects the first Fed rate cut in October 2026 and a second in January 2027, later than previously forecast. FOMC shifts and delayed rate cuts “In recent weeks, the FOMC seems to have moved further toward dropping its easing bias, with several Committee participants staking out their position before Warsh’s first meeting.” “Meanwhile, the developments in the Middle East suggest that energy prices will remain elevated for longer.” “With our outlook for inflation higher and more persistent and the FOMC taking defensive positions against the new Chair, we now change our Fed view.” “
In crypto news today (June 1), the market has started the new month in a precarious position, with Bitcoin dropping -1.4% overnight, losing key support at $73,000, and currently trading around $72,700. However, ETH USD, in typical fashion, has performed worse, down -2.5% in the past 24 hours and trading for $1,975 after losing key..
The post Crypto News Today (June 1): BTC Crashes Below $73K as the US Bombs Iran, Sparking Panic appeared first on 99Bitcoins.
The post Forex Today: Markets shrug off escalating tensions in Middle East appeared on BitcoinEthereumNews.com.
Here is what you need to know on Monday, June 1: Major currency pairs struggle to pull away from the previous week’s closing levels as investors largley brush off news pointing to a fresh escalation of tensions in the Middle East. In the second half of the day, the US economic calendar will feature the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for May. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% -0.13% 0.14% 0.05% 0.04% 0.32% 0.24% EUR -0.04% -0.16% 0.07% 0.01% 0.04% 0.29% 0.17% GBP 0.13% 0.16% 0.26% 0.19% 0.13% 0.43% 0.32% JPY -0.14% -0.07% -0.26% -0.06% -0.08% 0.21% 0.08% CAD -0.05% -0.01% -0.19% 0.06% -0.02% 0.26% 0.16% AUD -0.04% -0.04% -0.13%
The post Silver Price Forecast: XAG/USD rises to near $75.70 on US-Iran deal hopes appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) is up 0.5% to near $75.75 during the European trading session on Monday. The white metal trades higher amid hopes that the United States (US) and Iran will reach a permanent peace deal soon. In the late Asian trade, US President Donald Trump said through a post on Truth Social that Iran wants a deal badly, while warning that the option of military action remains on the table. Over the weekend, US President Trump said in an interview with Fox Business that the terms of the deal with Iran have been revised, adding that destroying Tehran’s nuclear dust and the reopening of the Strait of Hormuz remain key demands. Meanwhile, the oil price has rebounded, following the exchange of attacks between Israel and Lebanon. The Silver and oil prices have carried a negative relationship since the onset of the war, as elevated energy prices have prompted inflat
