Despite mounting geopolitical tensions in the Middle East, bitcoin reclaimed the $70,000 mark on Monday, supported by Strategy’s latest acquisition of 4,871 bitcoins. Key Takeaways: Bitcoin hit $70,355 on April 6, keeping market cap near $1.4T despite Iran rejecting U.S. ceasefire. Michael Saylor’s company Strategy bought 4,871 $BTC worth $329.9M, reinforcing institutional demand. Bitfinex warns
Bitcoin has climbed back above the $70,000 mark, hitting its highest level in the past 10 days. The move was quick, with $BTC jumping around 3.6% in just 12 hours, triggering over $258 million in liquidations, $233 million of that from short positions. Can Short Squeeze Fuel the Rally Higher The breakout was largely fueled
In a series of recent portfolio moves, Cathie Wood sharpened ARK Invest AI exposure while reshaping positions across genomics, logistics, and clean energy names. CoreWeave stake marks major bet on AI infrastructure The most consequential transaction centered on CoreWeave, an Nvidia-partnered cloud infrastructure provider focused on GPU-accelerated data centers for artificial intelligence workloads. Over three
US President Donald Trump’s harsh statements regarding the ongoing war with Iran have increased anxiety in global markets. Trump, pointing to midnight on Tuesday, said that large-scale attacks on bridges and energy infrastructure in Iran were on the agenda. The US leader suggested that a potential operation could take place within a mere four-hour timeframe,
US financial giant Wells Fargo has significantly revised its interest rate expectations for 2026. The bank’s investment arm, Wells Fargo Investment Institute, stated that it no longer expects the Fed to cut interest rates this year due to increased geopolitical risks stemming from the Iran conflict and uncertainties surrounding inflation. The institute had previously predicted
Crypto has added to a Sunday rally, with bitcoin rising above $70,000 in quiet post-Easter U.S. trading hours. The gains come alongside a modest advance in the major stock market averages ahead of President Trump’s Tuesday ultimatum for Iran to open the Strait of Hormuz. Just past the noon hour on the East Coast, the
The ongoing war between the US and Iran has negatively impacted the US economy. The risk of inflation has increased, and the likelihood of the Fed cutting interest rates has been postponed until the end of the year. Aside from this postponement, it has been stated that the Fed may even raise interest rates if
JPMorgan (JPM) CEO Jamie Dimon said the bank must move faster to keep up with blockchain-based competitors as tokenization reshapes parts of the financial system, according to his annual letter to shareholders. “A whole new set of competitors is emerging based on blockchain, which includes stablecoins, smart contracts and other forms of tokenization,” Dimon wrote,
As the quantum threat to Bitcoin (BTC) and altcoins continues, some analysts are warning that action is needed to address this threat urgently. At this point, while industry leaders like Coinbase argue that there’s no rush into quantum resilience, Samson Mow has warned that rushing into addressing quantum resistance in Bitcoin could backfire. Samson Mow,
Despite geopolitical tensions in the Middle East that have lasted for over a month, the cryptocurrency market is showing a stable trend compared to assets like gold. Today, Trump once again postponed his decision regarding Iran, extending the deadline for potential attacks on Iranian energy infrastructure to Tuesday, marking the fourth postponement. He stated that