Bitcoin tags $63.2K as BTC price action ignores inflation, Iran Hormuz closure
Bitcoin mostly preserved a recent rebound despite the highest US PPI inflation since October 2022 and Iran closing the Strait of Hormuz oil route.
Bitcoin mostly preserved a recent rebound despite the highest US PPI inflation since October 2022 and Iran closing the Strait of Hormuz oil route.
Original source
Read on CointelegraphRelated market context
Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump’s ‘Great Deal’ Claim
Iran said the Strait of Hormuz remains closed despite President Donald Trump’s claim of a settlement, keeping pressure on oil and...
Iran faces growing pressure from US blockade as oil revenue evaporates and crypto becomes a lifeline
Iran's reliance on crypto amid US pressure highlights potential regulatory tightening and market shifts, impacting global oil and...
US-Iran MoU to reopen Strait of Hormuz, extend ceasefire for 60 days, and what it means for crypto
The MoU's potential to stabilize geopolitical tensions could boost crypto markets, but risks remain if regional actors disrupt the...
US forces intercept two Iranian drones targeting ships in Strait of Hormuz, raising stakes for crypto-backed shipping insurance
The interception heightens geopolitical tensions, potentially impacting global oil markets and prompting increased scrutiny of cry...
Trump says Iran settlement will open Strait of Hormuz, signaling relief for oil and crypto markets
The potential reopening of the Strait of Hormuz could stabilize global energy supplies and reduce market volatility, benefiting in...
Bitcoin Price Prediction: JPMorgan Fuds BTC as Debasement Trade Retreat Accelerates
JPMorgan is calling it. The debasement trade, or the macro thesis that drove billions into Bitcoin price and gold, is unwinding, a...