Bitcoin tops $72K after $280M liquidation targets bears: Will the ‘fragile truce’ hold?
Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data show BTC bears have not closed most of their positions yet.
Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data show BTC bears have not closed most of their positions yet.
What a difference a day makes.
David Woodcock steps into the role as US senators await answers to questions on the agency’s dropping lawsuits against Justin Sun and several crypto companies.
Iran’s plans to impose tolls on tankers passing through the Strait of Hormuz is turning the key waterway into a financial battlefield.
Since the start of President Trump’s second term, nine of the 10 top days for the S&P 500 have been spurred by de-escalation either involving tariffs or Iran.
Constellation Brands pulled its longer-term outlook, after executives last year said concerns about ICE raids and higher prices were keeping Hispanic consumers from going out.
Intel was the second-best performer in the S&P 500 on Wednesday.
The Iran crisis threatened “the largest geopolitical oil supply disruption in history,” the Dallas Fed warned.
Bitcoin faces a future quantum threat, but Bernstein analysts say risks are concentrated in older wallets and exposed keys, and unlikely to cause existential disruption.
Custom chips give Google more compute power to deploy, an analyst notes.
The cease-fire agreement between the U.S. and Iran triggered a relief rally in shares of travel and retail giants Wednesday, on hopes that a break from surging fuel prices would help businesses manage costs and calm anxious consumers.
The proposed rule would direct payment stablecoin issuers to establish AML/CFT and sanctions compliance programs, and be able to “block, freeze, and reject” certain transactions.
Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps?
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDQvMDE5ZDZkODAtZjMxNy03NDAwLWFiMDItZmRmZmZlYjM3Mjc5LmpwZw==.jpg" alt="Bitcoin price chart targets $90K as traders ‘aggressively’ buy on Binance" class="type:primaryImage"></p><p>Bitcoin gained momentum as data showed buyers are starting to dominate volumes on Binance, with a $90,000 BTC price target on their radar.</p>
Bitcoin buy-side activity in the spot and futures markets supports the current rally toward $72,000, while short-term holders eased up on selling, increasing the chances of bulls taking control of BTC's price direction.
Empty tankers will reportedly be permitted to pass through the waterway under the US-Iran deal, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDQvMDE5ZDZkN2EtNDQxNi03ZWRlLThhNTctYjQ3NGNhNjJhYzg4LmpwZw==.jpg" alt="Bitcoin fades three-week highs as BTC price shrugs off Iran war ceasefire" class="type:primaryImage"></p><p>Bitcoin bulls failed to stay above $72,000 for long as BTC price action already began to discount the impact of a US-Iran ceasefire agreement.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YjY0YzEtZDQ4ZS03N2E3LWJlNTMtYTUzOWJjZTljYzAyLmpwZw==.jpg" alt="MEXC targets EU MiCA compliance as new CEO takes helm" class="type:primaryImage"></p><p>MEXC appointed Vugar Usi as CEO and outlined plans to expand zero-fee trading and pursue MiCA licensing amid growing industry competition.</p>
Chinese vehicles may not be for sale in the U.S. yet, but they’re already getting positive reviews. “Other automakers should be paying attention,” said a vehicle-test editor at Edmunds.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YjAyNTEtYTlmMS03NTVkLWJjYjEtYWI2NDFmNjhjYmZj.jpg" alt="Zcash leads US–Iran ceasefire rally with 30% gains: ZEC price bull trap?" class="type:primaryImage"></p><p>ZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks.</p>