Gold struggles as Hormuz risks, Fed hike bets limit USD weakness

The post BTC, ETH, XRP price news: Bitcoin, ether steady, gold falls as US-Iran strikes escalate appeared on BitcoinEthereumNews.com. Bitcoin held above $62,000 on Thursday while the assets that are supposed to absorb a war premium moved in opposite directions. Brent crude climbed 1% to $78.80 a barrel, a third consecutive session of gains, after the U.S. military completed another round of strikes against Iran and both sides raised the prospect of closing the Strait of Hormuz. Gold extended its slide to a fourth day at around $4,060 an ounce. Government bonds in Japan, Australia and New Zealand fell, extending Wednesday’s global selloff, with two-year Treasury yields pushing toward their 2026 high. Bitcoin traded at $62,009, down 1.2% over 24 hours and up 1.6% on the week. Ether was at $1,730, also off 1.2% on the day but up 5.7% over seven sessions. Solana was the laggard at $77.25, shedding 1.8% and 1.7% on the week. XRP slipped 0.7% to $1.09, TRON added 4% over seven days, and hype

The post Swiss Franc gains as Fed policy uncertainty drags down US Dollar appeared on BitcoinEthereumNews.com. USD/CHF remains subdued for the second successive day, trading around 0.8070 during the Asian hours on Thursday. The pair faces challenges as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. During Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or slightly below its current 3.6% level, an equally vocal contingent argued that rates would need to move higher by year-end. This geopolitical friction has reinforced expectations that the Fed may lock in higher interest rates for longer to combat stubborn price pressures. According to the CME FedWatch tool, swap traders have raised the probability of a rate hike at the next Fed meeting to over 30%, a sharp jump from less than 20% just last week. However,

The post Indonesian Rupiah weakens ahead of Retail Sales data appeared on BitcoinEthereumNews.com. USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session. The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East eases. During Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or slightly below its current 3.6% level, an equally vocal contingent argued that rat

The post US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 09, 2026 04:03 Early Thursday, the U.S. launched new airstrikes on Iran, and Iran fired missiles affecting Bahrain, Kuwait and Qatar, raising doubts about any interim deal and the status of the Hormuz ceasefire. US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% U.S. Airstrikes on Iran Push Polymarket Odds of Strait of Hormuz Normalizing by July 31 Down to 4.5% U.S. airstrikes on Iran and Tehran’s reported missile fire toward Bahrain, Kuwait and Qatar have sharpened concerns about security around the Strait of Hormuz, a key route for commercial shipping. On Polymarket, traders have sharply reduced the odds that Strait of Hormuz traffic returns to normal by July 31, pushing the contract’s Yes price down to 4.5%. Key Takeaways Polymarket prices a 95.5% chance of “No” on Strait of Hormuz traffic returnin

The post US strikes on Iran hit Hormuz outlook as Polymarket Yes drops to 58.5% appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 09, 2026 02:03 On July 8, 2026, the United States launched new strikes on Iran during the seven-day funeral of Supreme Leader Ali Khamenei, citing attacks on commercial ships in the Strait of Hormuz. US strikes on Iran hit Hormuz outlook as Polymarket Yes drops to 58.5% U.S. Strikes Iran During Khamenei Funeral: Polymarket Odds Drop on Hormuz Traffic Normalization The U.S. launched new strikes on Iran despite President Donald Trump saying attacks would pause during the seven-day funeral of Iran’s Supreme Leader Ali Khamenei, citing responses to attacks on commercial ships in the Strait of Hormuz. On Polymarket, the contract “Strait of Hormuz traffic returns to normal by December 31?” was last priced at 58.5% for Yes, down from 85.5%. Key Takeaways Polymarket prices a 58.5% chance that Strait of Hormuz traffic returns to normal by Dece

The post Euro holds modest gains above 1.1400 vs USD as Mideast tensions cap appeared on BitcoinEthereumNews.com. The EUR/USD pair attracts some buyers for the second straight day, though it lacks follow-through and remains confined within the previous day’s range during the Asian session on Thursday. Spot prices currently trade around the 1.1420 area, up less than 0.10% for the day, and remain at the mercy of the US Dollar (USD) price dynamics. The USD Index (DXY), which tracks the Greenback against a basket of currencies, remains on the defensive below the weekly top, touched on Wednesday, amid reduced expectations for Federal Reserve (Fed) rate hikes. Against the backdrop of last week’s soft US Nonfarm Payrolls (NFP) report, the Minutes of the June 16-17 FOMC meeting revealed that policymakers noted high uncertainty about the outlook on interest rates. However, Fed officials  indicated that some policy firming would likely be warranted to return inflation to 2%. According to the CME

The post US-Iran strikes hit Hormuz; Polymarket sees 4.5% chance of July traffic normal appeared on BitcoinEthereumNews.com. Alvin Lang Jul 08, 2026 22:03 Tuesday, US Central Command said it began strikes on Iran after Iranian attacks on three commercial vessels transiting the Strait of Hormuz, with Iran promising a “crushing response.” Polymarket US-Iran strikes hit Hormuz; Polymarket sees 4.5% chance of July traffic normal US Strikes on Iran Send Polymarket Odds Crashing for “Strait of Hormuz Traffic Returns to Normal by July 31?” The Strait of Hormuz remained under renewed security strain after the United States said it launched strikes on Iran in response to attacks on commercial vessels transiting the waterway. On Polymarket, the contract “Strait of Hormuz traffic returns to normal by July 31?” was priced at 4.5% for Yes, implying traders overwhelmingly expect disruptions to persist through the deadline. Key Takeaways Polymarket prices the leading outcome as No a

The post Trump NATO rebuke hits Hormuz normalcy bet as Polymarket Yes slips to 58% appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 08, 2026 20:03 On July 7, 2026, Donald Trump faulted NATO allies for not backing the U.S. during its conflict with Iran, questioning the alliance’s burden-sharing. Trump NATO rebuke hits Hormuz normalcy bet as Polymarket Yes slips to 58% Trump Slams NATO Allies as Polymarket Reprices Strait of Hormuz Normal-Traffic Odds to 58% U.S. President Donald Trump’s criticism of NATO allies over support during a conflict with Iran coincided with a sharp repricing in Polymarket’s “Strait of Hormuz traffic returns to normal by December 31?” contract. The market’s implied probability for a return to normal traffic fell to 58% from 85.5%. Key Takeaways Polymarket prices a 58% chance that Strait of Hormuz traffic returns to normal by Dec. 31, with No at 42%. Traders marked down the contract after Trump criticized several NATO allies for refusing