Bitcoin Tops $77K as Iran Declares Strait of Hormuz Open
Bitcoin recovered above $77,000 and oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open to all commercial ships until the end of the ceasefire.
Bitcoin recovered above $77,000 and oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open to all commercial ships until the end of the ceasefire.
Charts show Bitcoin and altcoins hanging on to their last respective support levels as investors cut risk and wait to see how markets react to rising oil prices and the...
Bitcoin ETFs saw $171 million in outflows on Thursday, as holders feared the prospect of another weekend escalation in the US-Israel conflict with Iran.
Bitcoin’s odds of holding above $70,000 waver as spot BTC ETF outflows and sharp selling from US equities place the current crypto market recovery in peril.
Gold closed the March 16-20 trading week down 11%, its biggest weekly fall in 43 years, as the US continues its military efforts in Iran.
Bitcoin bulls attempt to establish support at $70,000 but rising concerns over the health of the US economy and inflation could chip away at the key price level.
Charts suggest Bitcoin may remain range-bound, with $74,000 being the toughest resistance to overcome. Will altcoins drop their recent gains or continue to find buyers?
Bitcoin chases its year-to-date range highs while altcoins crawl back from their recent lows.
Bitcoin and altcoins bounced off their respective support levels, highlighting traders’ dedication to buying large price dips.
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