Hope For Iran Deal Sparks Risk-On Rally, Bitcoin Nears $75K
A wave of forced liquidations swept through crypto markets on Tuesday as traders who had bet against Bitcoin and Ether were caught off guard by a sharp price surge tied to hopes of a US-Iran agreement. Related Reading: Dollar’s Shrinking Value Adds Fuel To XRP Bull Case: Finance Expert Around 80% of the $530 million in total liquidations over 24 hours — roughly $425 million — came from leveraged short positions in the two largest cryptocurrencies. Bitcoin touched just under $75,000 on CoinMarketCap, a level not seen in nearly a month, before running into heavy resistance and retreating to....
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The crypto market surged over the weekend as optimism grew that the United States government shutdown, now in its 40th day, may finally be coming to an end. Related Reading: US Gov’t Shutdown Deal Sparks Hope For Crypto Market Relief Reports of a bipartisan Senate deal lifted global investor sentiment, sending Bitcoin above $106,000 and […]
Bitcoin moved back above $72,000 after US President Donald Trump said he would pause military action against Iran for two weeks, a shift that quickly eased pressure across markets. Related Reading: North Korean Agents Have Been Inside DeFi For Nearly A Decade, Researcher Says The move came after days of rising tension and landed just […]
US-Israeli strikes on Iran over the weekend have pushed geopolitical risk back to the center of crypto markets, but in CryptoInsightUK’s latest weekly note, the immediate takeaway for XRP is not simple downside. Founder Will Taylor argues that the first shock may be arriving at a moment when bearish positioning is already crowded, creating conditions where XRP could hold up better than Bitcoin and Ethereum if the market absorbs the news without fresh breakdowns. Writing in the Week 184 edition of The Weekly Insight, Taylor framed the conflict first as a volatility event. “There could be....
The group extorting Kraken is claiming access to some client account information after two insider incidents involving customer support staff. Kraken’s Extortion Plot: An Insider-Play Yesterday, on a post on the social network X, Nick Percoco, Kraken’s Chief Security Officer (CSO), made public that a criminal group is extorting the crypto exchange with threats to release videos of their systems exposing client data. Kraken Security Update We are currently being extorted by a criminal group threatening to release videos of our internal systems with client data shown if we do not comply....
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and disbanded a total of 6,914 crypto farms operating without a mining license. This since authorities started clamping down on the illegal extraction of cryptocurrencies in 2020, the English-language Iranian daily....