US Edition
Bitcoin Slides with Risk Assets as Trump’s Iran Ultimatum Looms
U.S.-listed spot Bitcoin ETFs drew $471.3 million in inflows Monday, even as traders stayed cautious over Iran war risks.
- On Tuesday, Bitcoin retreated as markets reacted to President Donald Trump's ultimatum regarding Iran. Trump threatened to bomb infrastructure unless the Strait of Hormuz was opened.
- Since the Iran conflict began in late February, crypto markets have remained sensitive to the ongoing Straits closure and a roughly 50% surge in Brent crude prices. Bitcoin has traded between roughly $60,000 and $75,000 throughout this period.
- US-Listed spot Bitcoin ETFs saw $471.3 million in net inflows on Monday, building on $22.3 million last week. March recorded about $1.3 billion in net inflows, stabilizing after four straight months of outflows.
- Cryptocurrencies remain in "suspended animation," said Chris Beauchamp, chief market analyst at IG, moving sideways over the last month. Analyst Rachael Lucas at BTC Markets added that sentiment "remains bearish on the short-to-medium time frame."
- A potential price recovery hinges on a sustained US-Iran ceasefire that brings oil below $100, said Rachael Lucas. Institutional participants are also watching for the Clarity Act's passage in late April as a regulatory unlock.
12 Articles
12 Articles
Bitcoin Drops to $68,000 With Hours Left Before Iran Deadline
Key Takeaways Bitcoin touched $70,000 on April 7 before pulling back to $68,000. Funding rates across all exchanges remain negative. Spot Bitcoin ETFs recorded $471.3 million in net inflows on Monday. Trump set an 8PM ET deadline for Iran. Bitcoin briefly touched $70,000 on April 7 before pulling back to $68,090, below the 50 SMA at $68,744, with RSI at 38.88 and momentum deteriorating faster than the signal line at 44.30 captures. The rejectio…
Bitcoin erased much of its weekly advance and returned to the US$68,000 zone as global markets prepare for the expiration of Donald Trump's ultimatum to Iran over the reopening of the Strait of Hormuz. The combination of military threats, new attacks and oil surge once again punished risky assets. *** Bitcoin fell from levels above US$70,000 to the US$68,000 area ahead of Trump's deadline for Iran. WTI crude rose 1.7% to US$114.22 per barrel, wh…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
