Iran strikes US bases in Bahrain and Kuwait as Middle East conflict rattles crypto markets

The post WTI flat lines above $72.00, near two-week high on US-Iran tensions appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day’s strong move up and enters a bullish consolidation phase near a two-week high, touched during the Asian session this Wednesday. The black liquid currently trades just above the $72.00 mark, with bulls awaiting a sustained strength beyond a technically significant 200-day Simple Moving Average (SMA) amid renewed US-Iran hostilities. In fact, the US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Moreover, the Iranian Islamic Revolutionary Guards Corps (IRGC) said that it targeted 85 US military sites in Bahrain and Kuwait following the US ceasefire breach and added that it downed a US MQ9 drone in the country’s south. This raises th

The call for assassination signals heightened regional tensions, potentially destabilizing Iran's leadership and diminishing peace prospects. The post Iran’s hardline kayhan daily calls for Trump and Netanyahu to be killed appeared first on Crypto Briefing.

The reopening of the Strait of Hormuz could stabilize global oil markets, easing supply constraints and potentially lowering oil prices. The post NATO expects Iran to fully reopen Strait of Hormuz amid US-Iran tensions appeared first on Crypto Briefing.

The post Rapid Retail Mood Swings Signal Caution as BTC Retreats Amid Iran Strikes appeared on BitcoinEthereumNews.com. Crypto markets have seen a minor rally as crowd sentiment improves, but this is not necessarily a good thing, say analysts. Crypto traders have “flipped their expectations several times” in just one month, reported analytics provider Santiment on Wednesday. The crowd was heavily bearish for most of June, calling for lower prices as Bitcoin slipped to $58,000. However, they’ve flipped bullish now as BTC rebounded towards $64,000, said Santiment before adding: “These fast mood swings show how reactive retail sentiment can be when price starts moving.” Markets Move Opposite to Crowds Crypto typically moves opposite to what the crowd is most loudly expecting, “because markets tend to punish crowded trades.” This can be seen in action today as markets have retreated 1.5% with Bitcoin falling below $63,000 on Wednesday morning in Asia. “Optimism doesn’t mean the rally is

Crypto markets have seen a minor rally as crowd sentiment improves, but this is not necessarily a good thing, say analysts.

The accusation heightens geopolitical tensions, impacting market confidence and reducing the probability of imminent diplomatic resolutions. The post Iran accuses US of violating Islamabad MOU amid peace process uncertainty appeared first on Crypto Briefing.

The post Gold edges higher as cautious USD bulls eye Fed and Iran risks appeared on BitcoinEthereumNews.com. Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day. The US Dollar (USD) struggles to build on a modest uptick as bulls turn cautious ahead of the release of the June FOMC meeting Minutes. This is seen as a key factor acting as a tailwind for the bullion. The fundamental backdrop, however, warrants some caution before confirming that the pullback from levels just above the $4,200 mark, or a two-week high set on Monday, has run its course. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation

Rising oil prices due to geopolitical tensions may exacerbate inflation, impacting global liquidity and delaying interest rate cuts, affecting Bitcoin. The post Bitcoin under pressure as US-Iran tensions drive oil prices up 13% appeared first on Crypto Briefing.