Swiss Franc weakens as SNB resists strength, US CPI eyed

Bitcoin showed fresh signs of volatility as US CPI inflation saw new multiyear highs on oil price hikes thanks to the US-Iran war.

The US-Iran ceasefire's instability highlights crypto's dual role as a geopolitical hedge and a sanctions evasion tool, intensifying regulatory focus. The post Trump says US-Iran ceasefire is on ‘massive life support,’ and crypto markets are feeling the pressure appeared first on Crypto Briefing.

The post Canadian Dollar dives on risk-off markets with US CPI on tap appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) accelerates its decline against the  US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714. A sour market mood amid saber-rattling in the Middle East and investors’ cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the USD across the board. Traders are on edge about the possibility of the resumption of hostilities between the US and Iran, which would complicate the reopening of the Strait of Hormuz even further. US President Donald Trump affirmed earlier on Tuesday that the ceasefire is on “life support,” and CNN reported comments from the president’s aides suggesting that the resumption of major combat operations is back on the table. CNN also stated that the peace process is unlikely to make significant progress ahead of the meeting between Trump

The post Markets, AI Rally Rattled as Trump Calls Iran Ceasefire “On Life Support” appeared on BitcoinEthereumNews.com. Trump called the Iran ceasefire on life support after rejecting Tehran’s proposal as garbage. Brent crude rose to $105 as silver jumped 7% and traders rushed into safe haven assets. US CPI forecast at 3.7% raising fears Fed may hike rates rather than cut them this year. Global markets turned cautious on Tuesday after President Trump declared the US-Iran ceasefire was “on life support,” describing Tehran’s latest counterproposal to end the war as “garbage.” Oil responded immediately. Brent crude futures rose 0.7% to $105 a barrel. Silver jumped over 7% as traders rushed back into safe haven assets. Bitcoin held above $81,000 but remained under pressure as risk appetite faded across the board. What Iran Proposed  Iran’s response to the US peace proposal included demands for war reparations, confirmation of Iranian sovereignty over the Strait of Hormuz, an end to sanctio

The post Bitcoin, ether fall as traders react to rising Middle East tensions appeared on BitcoinEthereumNews.com. The broader crypto market ticked lower on Tuesday with bitcoin BTC$80,621.04 falling 1% since midnight UTC to $80,800 and ether (ETH) losing 2% to $2,290. U.S. equity futures also dropped after U.S. President Donald Trump said the ceasefire with Iran was “on massive life support,” leading to a spike in Brent crude oil to $107 per barrel and a 0.4% rise in the U.S Dollar Index (DXY). Bitcoin, however, remains above Bitmine (BMNR) Chairman Tom Lee’s line in the sand at $76,000, which he said would confirm the end of a bull market if bitcoin can hold above that level at the end of the month. The altcoin market is mixed with the majority of tokens underperforming the two largest cryptocurrencies, while a small corner of the market, including CRO$0.08090, curve (CRV) and toncoin (TON), bucked the bearish price action with upside moves between 5% and 10% in the past 24 hours. Der

The post Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data appeared on BitcoinEthereumNews.com. Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day. The precious metal remains within previous ranges, but the risk has shifted to the downside as concerns about the US-Iran ceasefire and investors’ cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the US Dollar (USD). US President Donald Trump warned earlier on Tuesday that the ceasefire is on “life support,” and CNN, citing some of his aides, has reported that the president would be seriously considering resuming combat operations. On the macroeconomic front, all eyes are on the US CPI release, due later on Tuesday. Consumer inflation is expected to have surged to a 3.7% annual rate in April, its highest level since September 2023, amid the energy shock from Iran’s war. I

The post Gold reverses gains as US CPI data takes center stage appeared on BitcoinEthereumNews.com. Gold (XAU/USD) reverses earlier gains on Tuesday as fading hopes for a near-term breakthrough in US-Iran negotiations and a modest rebound in the US Dollar (USD) weigh on the precious metal ahead of the US Consumer Price Index (CPI) data release. At the time of writing, XAU/USD is trading around $4,694 after hitting a three-week high of $4,773 during the Asian session. US-Iran negotiations remain at an impasse over Iran’s nuclear program. US President Donald Trump told reporters in the Oval Office on Monday that the ceasefire is “on massive life support.” The remarks came after Trump rejected Iran’s latest response to the US-backed peace proposal, calling it “totally unacceptable.” Reports also suggest that the US President is considering a resumption of military operations, alongside a potential restart of “Project Freedom” in the Strait of Hormuz. Meanwhile, Iranian Parliament Speaker

The post US Dollar: Hotter CPI And Equity Risks Provide Support, Says ING appeared on BitcoinEthereumNews.com. US Dollar: Hotter CPI And Equity Risks Provide Support, Says ING Skip to content Home Forex News US Dollar: Hotter CPI and Equity Risks Provide Support, Says ING Source: https://bitcoinworld.co.in/us-dollar-hotter-cpi-equity-risks-ing/