Bitcoin and altcoins have experienced a major correction since October. Bitcoin has fallen by approximately 50% from its October peak of $126,000, while altcoins are also having arguably their worst days. In contrast, gold hit new records during this period. While the divergence between Bitcoin and gold continues to be discussed, some argue that China
The Korean Stock Exchange was forced to halt trading after the escalating conflict in the Middle East prompted a major share price plunge on Wednesday. The South Korean Kospi and Kosdaq each plunged more than 10% during morning trading in Seoul, triggering a circuit breaker as the indexes saw their worst session since August 2024,
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Bitcoin traded near $68,200 on Wednesday as global markets reacted to a sharp sell-off in South Korea’s stock market and rising geopolitical tension in the Middle East. The cryptocurrency rose about 0.7 percent in the past 24 hours after briefly slipping below $67,500 earlier this week. Data shows Bitcoin held above a 24-hour low of
Bitcoin’s price went through some intense volatility in the past week or so, especially since the attacks between Israel and the USA on one side, and Iran, on the other began on Saturday morning. Within this timeframe, the asset tried to reclaim the coveted $70,000 level on a couple of occasions, but to no avail.
Bitcoin is holding its ground in a market where almost nothing else is. Over the past seven days, $BTC has gained roughly 3.5%. Yet, gold, the traditional refuge during geopolitical stress, is trading nearly flat on the week at -0.05%. This divergence is unfolding despite a rising US Dollar Index (DXY) and Brent crude climbing,
Bitcoin price started a decent increase above $68,500 but failed at $70,000. $BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average. There is a contracting triangle forming
The U.S.-listed spot bitcoin $BTC$67,035.11 exchange-traded funds (ETFs) are back in demand, with investors pouring $1.4 billion into them in the past 5 days. Still, bitcoin’s spot price remains in limbo. One possible explanation, aside from escalating geopolitical tensions and oil price surge, is the mechanics of ETFs themselves, according to analysts at the cryptocurrency
Bitcoin’s rebound toward $70,000 — trading at $68,000 as Hong Kong hit midday — appears to have been driven more by positioning than conviction, according to market maker Enflux, which said the move largely reflected short-covering after traders leaned bearish amid geopolitical headlines. “The market is not pricing catastrophe, but it is not pricing resolution