Bitcoin Slips Below $76,500 as U.S. Strikes on Iran Send Oil Above $93
12 Articles
12 Articles
Bitcoin fell to the $77,000 range as armed conflict between the U.S. and Iran intensified. This is attributed to dampened investor sentiment toward risky assets as international oil prices and U.S. Treasury yields surged together. According to CoinMarketCap at 9:49 AM on the 2nd, Bitcoin was trading at $77,183.97. This represents a 1.99% decrease compared to 24 hours ago. Bitcoin was trading at around 7,000 around 2:40 PM the previous day
Bitcoin backed back to $76,500 this Wednesday as a new escalation between the United States and Iran boosted oil and accelerated a global bond sale. Increased energy costs raised inflationary concerns and brought the US Treasury’s performance to 10 years to 4.81%, while markets increased their bets on a Federal Reserve rate hike in September.
Bitcoin Holds Steady as U.S. Strike on Iran Lifts Oil, Drags Stocks - The Blockopedia
Bitcoin spent the Asian session hovering around $77,580, barely moving after the United States struck an Iranian island in the Strait of Hormuz. Oil jumped, stocks slid, and gold fell. Bitcoin, by comparison, looked calm. Brent crude rose 1.9% to $92.39. WTI futures gained nearly 2%, touching $85.10. Gold dropped 0.8% to $4,418 an ounce. […] The post Bitcoin Holds Steady as U.S. Strike on Iran Lifts Oil, Drags Stocks appeared first on The Blocko…
New US airstrikes against Iran near the Strait of Hormuz have sent shockwaves through the markets. Bitcoin has fallen below $78,000, oil has soared above $94 a barrel, while gold has plummeted and Wall Street has declined. Here's a breakdown of the impact on each asset class. The article "Strikes on Iran: What Impact on Bitcoin, Stocks, Oil, and Gold?" first appeared on Cryptoast.
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