Iran accuses NATO of complicity as US-Israeli strikes continue and casualties mount

The post EUR/GBP Price Forecast: Languishes below 0.8550 with bullish attempts subdued appeared on BitcoinEthereumNews.com. The Euro (EUR) keeps treading water right above one-year lows against the British Pound (GBP) on Thursday. The EUR/GBP is trading flat in the area of 0.8530 at the time of writing, weighed by rising tensions between the US and Iran and the rebound in oil prices. In the Eurozone, German Trade Balance data beat expectations with a EUR 19.1 billion surplus in May, from the 14.5 billion surplus seen in April, as exports grew against expectations. The data, however, has failed to provide any significant support to the Euro. Meanwhile, the US has launched a new round of attacks in Iran, which targeted US bases in Gulf countries in retaliation. US President Donald Trump said on Wednesday that the ceasefire was over, and Crude prices have bounced up nearly10% with Brent Oil hitting the $80 level on Wednesday, after bottoming near $70.00 last week. Technical Analysis: EUR/

The post XRP (XRP) Tumbles 4% as Trump Terminates Iran Ceasefire Agreement appeared on BitcoinEthereumNews.com. Key Takeaways XRP declined 4.32% to approximately $1.07 on July 8 following Trump’s announcement ending the US-Iran ceasefire The geopolitical escalation sparked over $400 million in cryptocurrency liquidations across the market XRP experienced $8.61 million in long position liquidations — the largest since June 25 XRP spot ETFs registered no capital inflows on both July 6 and July 7 Critical support zone exists at $1.00–$1.05; breaking below could send XRP down to $0.90 XRP experienced a significant downturn on July 8 after President Donald Trump announced the termination of the ceasefire agreement between the United States and Iran. During remarks at the NATO Summit in Ankara, Trump referred to Iranian leadership as “scum” and stated his unwillingness to continue diplomatic negotiations. [[EMBED_0]] The United States had conducted strikes against 80 Iranian targets on July

The post Oil: Risk premium returns on Gulf supply concerns – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Thu Lan Nguyen argues that recent US policy towards Iran has reversed market expectations of a rapid normalisation in Gulf energy supplies, challenging earlier pricing of an Oil supply glut. With the Iran deal apparently called off by President Trump, she notes that Middle East risks remain unresolved, implying a renewed risk premium and potential volatility in energy prices. US stance revives supply risk “Over the past few days we had expressed scepticism about the rapid decline in the oil price, not least because shipping traffic through the Strait of Hormuz has picked up but still remains well below pre-war levels. The market, however, appeared to look straight through this and was already pricing in supply glut on the oil market.” “It turns out that the US administration shares our sceptical assessment of the oil supply situation rather than the market’s. And

The post Bitcoin Steady at $62K Despite Iran-Israel Strike Escalation appeared on BitcoinEthereumNews.com. IRAN-ISRAEL News Bitcoin held above $62,000 on Thursday even as the latest round of U.S. strikes against Iran pushed the conflict into a sharper phase. The largest cryptocurrency traded at $62,009, down just 1.2% over 24 hours yet up 1.6% on the week, a strikingly muted reaction for an asset that once shed 5% on a single Middle East headline. Our reading of the tape is that the market absorbed the escalation without the panic seen in earlier legs of the conflict. Traders continue to flag $60,000 as the line that matters: defending it through further military action would confirm that the recent calm is structural rather than luck. The war premium showed up most clearly in energy. Brent crude climbed roughly 1% to $78.80 a barrel, a third straight session of gains, after Washington completed another wave of strikes and both sides raised the prospect of closing the Strait of Hormuz,

The US-Iran conflict heightens global energy insecurity, impacting oil prices and crypto markets, while increasing regulatory scrutiny on crypto. The post US strikes target Iran’s energy infrastructure as Bitcoin reacts to escalating conflict appeared first on Crypto Briefing.

The post Bitcoin (BTC) Slides Under $62K as Iran Tensions Escalate and Oil Surges appeared on BitcoinEthereumNews.com. Key Takeaways BTC declined 2.1% to approximately $62,115 following Trump’s announcement that the US-Iran ceasefire has ended Brent crude oil prices spiked, momentarily exceeding $80 per barrel Crypto analyst Michaël Van de Poppe identified $61,000 as a critical support threshold Federal Reserve meeting minutes revealed internal disagreement about potential rate increases, pressuring risk-on assets Bitcoin spot ETFs in the US recorded three consecutive days of positive net flows despite price weakness Bitcoin experienced a decline exceeding 2% on Wednesday as heightened tensions between the United States and Iran disrupted global financial markets and triggered a sharp rally in crude oil prices. Bitcoin (BTC) Price The leading cryptocurrency by market capitalization retreated to approximately $62,115, down from levels above $64,600 observed earlier in the trading week.

The post Bitcoin & XRP Bounce as Trump Says Iran Wants to “Make Deal So Badly” After Strikes appeared on BitcoinEthereumNews.com. Bitcoin, Ethereum and XRP bounced after US President Donald Trump said that Iran had called him and wanted to make a deal. US stock futures also turned green following the completion of strikes confirmed by the US Central Command on Thursday. President Trump Claims Iran Seeks Deal After Second Set of Strikes Stocks and crypto markets reacted positively to President Trump’s latest comments that Iran called him, saying “they want to make a deal so badly.” However, he is unsure about making a deal with Iran again amid ceasefire violations and strikes against US forces in the Middle East. “I just don’t know if they’re worthy of making a deal. I don’t know that they’re going to honor the deal. That’s the problem,” Trump said. The White House is preparing for a multi-day or even weeks of strikes against Iran over the Strait of Hormuz control. Bitcoin and XRP bounc

Escalating tensions in the Gulf highlight vulnerabilities in global markets, impacting cryptocurrencies and emphasizing geopolitical risks. The post Iran launches drone attacks on US military targets in the Gulf, sending Bitcoin on a wild ride appeared first on Crypto Briefing.