Bitcoin Pulls Back Below $74K As Iran Tensions Rise Again
The Crypto Fear & Greed Index crept up two points to 29 out of 100 on Monday — its highest reading since late January — but that number still signals fear among Bitcoin investors. Related Reading: Strategy Raises $1.76B War Chest As Saylor Signals Bigger Bitcoin Buy Markets had barely settled from a rough weekend before the index was being watched again as a barometer of just how shaky confidence remains in the crypto space. That unease has a clear cause. A two-week ceasefire between the US and Iran, which had given financial markets a brief lift and helped keep oil prices in check, is now....
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As Iran plans to scrap the use of US dollar as reserve currency, there are speculations of it being replaced by Bitcoin. Iran could pave the way for the adoption of Bitcoin as a foreign reserve currency. The reports of Iran moving away from US dollar as the preferred reserve currency in retaliation to the travel ban issued by Trump administration has led to this speculation. Until recently, Iran has been under sanctions for its nuclear program. With the sanctions relaxed last year, there were signs of trade and diplomatic relations between Iran and the United States returning to normalcy.....
The Bitcoin and Ethereum prices continue to struggle, with BTC dropping to as low as $70,000 over the weekend. This comes as tensions between the U.S. and Iran continue to escalate, with no sign of a ceasefire happening anytime soon. Bitcoin and Ethereum Prices Struggle as Iran War Drags On Bitcoin and Ethereum prices remain under pressure as the war in Iran enters its third week. Tensions escalated over the weekend with attacks on the U.S. embassy in Iraq, according to a Fortune report. The U.S. embassy had indicated that these attacks were carried out by Iran-aligned terrorist militia....
Tensions in the Middle East remain elevated as the US-Iran war continues, placing significant pressure on global financial markets as well as the Bitcoin and Ethereum prices. Recent reports indicate that Iranian forces have launched retaliatory attacks against the US, signaling a firm determination to continue the war despite US President Donald Trump’s offer of […]
Over the weekend, the Bitcoin price and the crypto market witnessed significant pressure amid escalating tensions between the United States and Iran. After reports of Israeli strikes on Iran, the premier cryptocurrency dropped below $64,000 while dragging the rest of the market along with it. While the price of BTC seems to have recovered from […]
The crypto market suffered a slight dip on Saturday, April 18th, after the tensions in the Middle East took an interesting turn over the weekend. On Friday, United States President Donald Trump announced that Iran fully reopened the Strait of Hormuz (for the first time since March) for the free passage of oil vessels, with […]