Increased geopolitical risk in global markets following US and Israeli military operations against Iran led to sharp fluctuations in cryptocurrency markets over the weekend. During hours when traditional markets were closed, investors turned to tokenized commodities like oil and gold via Hyperliquid, a decentralized exchange offering 24/7 trading. On the platform, oil contracts rose approximately
With a few hours still to go, Bitcoin $BTC$64,111.46 is on track to post its worst losing streak since 2018, with February about to mark a fifth consecutive monthly decline. The run of losses would be the longest since that 2018–2019 bear market and follows what has already been bitcoin’s worst first 50-day start to
Cryptocurrency analysis platform Santiment examined the recent fluctuations in Bitcoin and altcoins in its weekly market review. The market is at a critical juncture with the Jane Street case and the upcoming Clarity Act rulings. The cryptocurrency markets experienced a rather volatile final week of February. According to Santiment data, although Bitcoin ($BTC) challenged the
Paradigm is seeking to raise as much as $1.5 billion for a new fund that would expand its scope into frontier technologies, including artificial intelligence and robotics, according to The Wall Street Journal. The San Francisco-based venture capital firm has built its reputation backing digital asset protocols and web3 infrastructure since its founding by former
Bitcoin is looking to reclaim $64,000 on possible short squeeze after earlier falling to as low as $63,000 following U.S. and Israeli strikes on Iran. At the same time, perpetual futures funding rates dropped to -6%, according to CoinGlass, marking the second lowest level in the past three months. The last time funding was this
What started as an Israeli strike on Iran hours earlier has escalated into the broadest Middle Eastern military conflict in decades, posing a risk to financial markets, including cryptocurrencies. Per reports on Bloomberg, CNN and Reuters, Iran launched waves of missiles and drones targeting not just Israel but U.S. bases and interests across the Gulf.
Two sentence intro: Bitcoin revisited a long term support zone on the weekly chart, reviving debate over whether the level marks a bottom or a breakdown risk. Meanwhile, a separate four hour setup around $65,000 left traders watching for either a bounce or another leg lower. Bitcoin tests five year support after sharp pullback, analyst
Bitcoin is poised to end February with another decline, marking its fifth consecutive month in the red. According to market data, the leading cryptocurrency lost approximately 16.3% of its value in February, marking its worst February performance since 2020. Historically, Bitcoin has seen an average increase of 11% in February, but this year the trend
Amid renewed United States attacks on Iran, a cryptocurrency trader has netted notable profits from betting that Washington would strike Tehran. In this case, a trader identified as Vivaldi007 on the betting platform Polymarket earned about $385,000 by anticipating the military action, according to the latest on-chain data retrieved on February 28. Insights show the
After a week of bullish optimism around Bitcoin, the Cryptocurrency has experienced a new shock amid geopolitical tensions. $BTC dips to $ 64,000 on the last day of the month, down 6% in 24 hours. The asset has hit its lowest since February, near $63000. Altcons also react bearishly to this. This reaction came suddenly