OPEC+ approves fourth consecutive oil output increase as Strait of Hormuz crisis deepens

The BTC price is declining more each day as the bear market tightens its grip on the crypto market. Last week, Bitcoin plummeted below $60,000 for the first time since October 2024, marking a new low for this cycle. While overall market sentiment has weighed heavily on the cryptocurrency, several other key factors are driving […]

Bitmine currently holds 5.54 million ETH worth billions, equal to 4.59% of the supply, despite ongoing crypto market weakness.

OPEC+'s symbolic quota hike highlights geopolitical tensions' impact on oil logistics, underscoring the fragility of global energy supply chains. The post OPEC+ plans small oil output quota hike for July, but the Strait of Hormuz makes it mostly symbolic appeared first on Crypto Briefing.

Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action. According to market experts, Bitcoin’s outlook remains largely bearish despite the short-term bounce. However, analysts also point to a potential silver lining in the current downturn that may benefit long-term investors.  Bitcoin Price Set For Massive Crash This Summer Crypto market expert Aralez has issued a fresh bearish forecast for Bitcoin, suggesting that the ongoing downtrend has not yet ended. In an X post on June 6, the analyst said Bitcoin’s decline has just begun, indicating that the recent drop below $60,000 was only the early stage of the bear mark

Ongoing geopolitical tensions limit actual oil exports, sustaining high prices and inflation, impacting global monetary policy and risk assets. The post OPEC+ raises July oil output quota by 188,000 barrels per day, but there’s a catch appeared first on Crypto Briefing.

Escalating tensions in the Strait of Hormuz could destabilize global markets, impacting energy prices and increasing financial volatility. The post US Central Command shoots down two Iranian drones threatening maritime traffic in Strait of Hormuz appeared first on Crypto Briefing.

A sudden bitcoin rebound torched roughly $320 million worth of short positions across the crypto market in just 15 minutes, as bearish traders were caught offside by a fast reversal off the year’s lows. A 15-Minute Short Squeeze A little over $320,000,000 in shorts were liquidated from the crypto market in a single 15-minute window […]

The Bitcoin crash highlights vulnerabilities in the crypto market, emphasizing the impact of macroeconomic and geopolitical tensions. The post Bitcoin crashes amid 2026 crypto market selloff appeared first on Crypto Briefing.