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As conflict brews across the Middle East, U.S. airstrikes on Iran have reignited worries that Tehran might block oil flows through the Strait of Hormuz. Goldman Sachs analysts are now pointing to a growing risk premium in oil markets, with attention locked on threats to one of the world’s most vital shipping routes for energy. … Read more
While bitcoin has dropped more than 3% over the past 24 hours, Sunday’s deeper bruising came from the altcoin market, which dragged the broader crypto economy down by $90 billion to $3.07 trillion. Weekend Wipeout: Altcoins Lead Market Rout The entire crypto market bled more than 4%, and although BTC played its part, tokens like … Read more
After U.S. President Donald Trump announced that the United States had carried out a successful airstrike in Iran, bitcoin’s value recoiled, dipping to $100,945 per coin. $40B Gone in Hours: Bitcoin Falters After U.S. Airstrike on Iran At the time of writing, BTC is trading higher following Trump’s latest remarks on the escalating conflict between … Read more
The crypto economy has dipped 1.08% in the past 24 hours, pulling back to $3.16 trillion as bearish vibes rippled through the space and bitcoin touched an intraday low of $102,220. At the same time, tensions between Israel and Iran remain escalated with additional strikes exchanged, marking the second week of ongoing conflict in the … Read more
Bitcoin ( BTC) extended its streak of trading above $100,000 to more than 40 days but closed the week at $103,355, marking a 1.3% dip. Meanwhile, bitcoin cash ( BCH) outshined the broader market with a near 10% gain, reaching over $476 as of June 21 at 12:20 p.m. EST. BTC Holds Firm Amid Global … Read more
The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining Generates Little for Local Community Norway’s government announced June 20 its intention to implement a temporary ban on the establishment of new data centers engaged … Read more
Bitcoin and ethereum remain range-bound as traders hedge for potential downside risk, awaiting a macro catalyst, while oil and gold prices respond to Middle East tensions. Crypto Derivatives Point to Caution As Markets Brace for Macro Triggers Global markets appear to be in a holding pattern as traders digest ongoing geopolitical risks and prepare for … Read more
Tiktok has denied allegations made by U.S. Rep. Brad Sherman that the company plans to purchase TRUMP memecoins worth $300 million. Tiktok: Sherman Allegations ‘Patently False’ Video-sharing social media platform Tiktok has denied claims it recently purchased or plans to acquire TRUMP memecoins worth millions of dollars. The Singapore-based company slammed U.S. Rep. Brad Sherman … Read more
The United States has racked up more than $37 trillion in national debt, a colossal tab that casts a long shadow over the country’s financial future and economic footing. For years, America has been drifting deeper into a whirlpool of unchecked spending and mounting liabilities. Buried in IOUs: U.S. Debt Hits $37 Trillion With No … Read more
President Donald Trump is actively weighing whether the United States should enter the fray alongside Israel in its intensifying conflict with Iran—a decision he says will be made within the next two weeks. Alongside this, as of June 20, traders on Polymarket place the odds of U.S. military action against Iran before July at 43%. … Read more
