Story Highlights Global oil prices surged 13% after U.S. and Israel struck Iran amid escalating Middle East conflict tensions. Iran blocked Strait of Hormuz, impacting nearly 30% global oil supply disrupting key global shipping routes worldwide. Analysts warn Bitcoin could fall below $60K if conflict continues and oil prices keep climbing sharply higher. Global oil
Bitcoin ($BTC) is currently trading near $66,425, reflecting a market in post-impulse consolidation. The cryptocurrency recently surged from $62,500 to test $70,000 before entering a range-bound phase. Traders are closely monitoring the $66,200 pivot, as holding this level maintains short-term bullish potential. Meanwhile, failure to sustain above it could lead to deeper retracements toward $65,400
Bitcoin tests key Fibonacci resistance as geopolitical tensions rise, while weekly EMAs break fuels debate over trend direction. Bitcoin ($BTC) is hovering near $66,149, down 1.0% in the past 24 hours, as the price fluctuates between $65,149 and $67,263. Attempts to hold above $67,000 have faded, leaving $BTC in a tight, choppy range. While the
Bitcoin BTC$66,299.23 is trading near $66,500 after adding 1.1% since midnight UTC and more than 5% from the weekend low of $63,000. The crypto market is back in the middle of a trading range that has persisted since the start of February, with a volatile past week testing $70,000 to the upside and $62,500 to
Bitcoin (BTC), which has been fluctuating between $70,000 and $63,000 since February, experienced a sharp drop over the weekend due to the US-Iran conflict, but subsequently recovered. While Bitcoin remains around the $66,000 level, Singapore-based cryptocurrency analysis platform QCP Capital has shared its latest analysis for Bitcoin. According to QCP analysts, the cryptocurrency market remained
Bitcoin ($BTC) has fallen as low as $60,000 since the start of its decline in October. While these declines are considered normal in a bear market for Bitcoin, predictions for $BTC are also being revised downwards. At this point, the latest revised big bull came from Cathie Wood. Accordingly, Ark Invest founder Cathie Wood lowered
The escalation of tensions between the US and Iran over the weekend increased uncertainty in the markets. Bitcoin has stabilized after an initial sell-off over the weekend linked to Middle East tensions, while investors continue to monitor and assess the impact on global energy markets. The US and Israeli attack on Iran and the blockade
As US-Iran tensions continue to escalate, Bitcoin is trading around $66,000 after experiencing its initial sell-off. While uncertainty continues for Bitcoin at this point, one analyst has suggested that the bottom for BTC may be near. Speaking to Coindesk, Rony Szuster, Head of Research at Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, said that according to
Despite a massive 46% crash that wiped out $1 trillion in market value, a new study reveals that the majority of bitcoin holders remained remarkably resilient. Resilience Amid the Crash Bitcoin’s 46% drop from its all-time high of just above $126,000 to briefly below $61,000 rattled markets and erased more than $1 trillion in value.