The post Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5% appeared on BitcoinEthereumNews.com.
The US Treasury’s Office of Foreign Assets Control revoked General License X on July 7, cutting off the authorization that had allowed Iranian crude oil, petrochemical, and petroleum-product transactions through Aug. 21. Its replacement, General License X1, permits only wind-down transactions through 12:01 a.m. ET on July 17. Brent crude settled at $74.16 and WTI at $70.44 that day, then extended gains in post-settlement trade to about $76.03 and $72.20, putting both benchmarks over 5% above the prior session. Tanker attacks near the Strait of Hormuz drove that move, and maritime authorities raised transit risk through the strait to severe, with US officials warning of further consequences. Bitcoin absorbed the same news near $63,317, trading within an intraday range of $62,711 to $64,435. A market that pushed crude more than 5% higher on renewed Middle East
The post Strategy Bitcoin Sale Leaves $1.25B Plan Intact. appeared on BitcoinEthereumNews.com.
Strategy’s $135M BTC sale was separate from its $1.25B monetization framework. The company sold 3,588 BTC to support preferred stock dividend obligations. VanEck says Strategy may retain more Bitcoin selling capacity than expected. VanEck says Strategy’s recent $135 million Bitcoin sale did not reduce its $1.25 billion BTC Monetization Program, keeping the full capacity available. Strategy’s latest Bitcoin transaction has drawn attention after VanEck’s digital asset research head clarified that the sale occurred outside the company’s authorized monetization framework. The distinction could affect how investors assess Strategy’s future Bitcoin selling capacity and treasury strategy. Strategy’s Bitcoin Sale Left Monetization Capacity Unchanged According to VanEck digital assets research head Matthew Sigel, Strategy’s approximately $135 million Bitcoin sale did not reduce its $1.25 billion BTC
The post Oil: Conflict-driven volatility and positioning – BNY appeared on BitcoinEthereumNews.com.
BNY’s Geoff Yu highlights growing fragility in global markets as President Trump declares the Iran ceasefire over and U.S. strikes in the Strait of Hormuz reignite Oil volatility. Brent, WTI and Middle Eastern benchmarks have jumped around 5%, yet inflation expectations remain intact and positioning data show core energy and inflation hedges in place, limiting broader disruption for now. Ceasefire doubts lift crude benchmarks “Markets are starting to look fragile. President Trump is now openly questioning the durability of the ceasefire, while exchanges of fire in the Strait of Hormuz are intensifying. For markets and the global economy, the prospect of a swift return to pre-conflict energy and goods flows through the waterway is fading.” “The immediate oil reaction has been significant, roughly 5%, depending on the benchmark, but not yet large enough to derail the improvement in inflati
Bitcoin fell to $62,103 early Wednesday, down $1,208, or 1.91%, after sellers rejected a run at $64,169 during the prior 24 hours and after President Trump said the ceasefire with Iran is on shaky ground. The pullback has left the daily chart cautious, the shorter timeframes thin on volume, and the indicator board split between […]
Heightened military tensions reduce prospects for a US-Iran deal, impacting market confidence and diplomatic resolution perceptions.
The post Trump announces probable strike on Iran tonight amid escalating tensions appeared first on Crypto Briefing.
The post Elon Musk’s SpaceX Moves Bitcoin, Selloff Coming amid SPCX Stock Fell 25%? appeared on BitcoinEthereumNews.com.
Elon Musk’s SpaceX-linked wallet address moved Bitcoin after 6 months, sparking speculation in crypto and stock markets. The transfer coincided with massive profit booking in SPCX stock that sent the stock below its IPO debut price. Elon Musk’s SpaceX Wallet Transfers Bitcoin According to Arkham Intelligence data on July 8, a wallet address linked to Elon Musk’s SpaceX moved Bitcoin for the first time in six months. The transfer triggered selling speculations despite the firm moved just $88 worth of BTC. The firm last moved more than 1016 BTC worth nearly $100 million. SpaceX wallet still holds almost 18,712 BTC, valued at $1.16 billion at the current market price. Notably, the destination address now holds 614 BTC worth $38 million. Elon Musk’s SpaceX Moves Bitcoin. Source: Arkham Outflows from SpaceX to other unknown wallets increased significantly last year near t
Analysis flagged a Bitcoin moving average derivative that last triggered at the end of the 2022 bear market as BTC price action returned to its reversal zone.
The post Morning Minute: Vanguard Hires ‘Head of Digital Assets’ in Crypto Capitulation appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors fall 2-5% after US strikes at Iran ending ceasefire; BTC at $62k Vanguard is hiring a head of digital assets as it capitulates into crypto SEC plans to introduce its crypto rules as soon as this month Zcash jumped 10% on Tachyon Upgrade progress shows it will be free of counterfeiting issues CASHCAT soars 13x to $110M as Robinhood Chain memes all jump on Vlad Tenev comments 🏛️ Vanguard, Crypto’s Last Big Holdout, Is Hiring a Head of Digital Assets Vanguard, the roughly $11T asset manager that spent years telling clients it wouldn’t touch crypto, poste
