The post Tether Gold Outflows Hit 16x Their Daily Average as Whales Accumulate appeared on BitcoinEthereumNews.com.
Crypto whales are accumulating gold again just as spot prices slide. Asset manager Abraxas Capital pulled millions in Tether Gold (XAUT) off exchanges this week, and on-chain data suggests it is not acting alone. The whale activity comes as gold posts mixed results in July. Prices climbed early in the month, then slipped as US-Iran tensions escalated. Gold’s Volatility Pushes Traders On-Chain According to Onchain Lens, investment firm Abraxas Capital withdrew approximately 3,931 XAUT, worth around $15.96 million, from four major exchanges. The transfers included 760.244 XAUT ($3.09 million) from Bitfinex, 940.207 XAUT ($3.82 million) from OKX, 230 XAUT ($934,000) from Bybit, and 2,001 XAUT ($8.12 million) from Binance. Lookonchain also reported that a whale wallet identified as 0xD20E resumed accumulating XAUT after a three-year hiatus. Over the past three days, the wall
The convergence of military conflict and crypto sanctions highlights the vulnerability of digital markets to geopolitical tensions, impacting global stability.
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The post Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) consolidates modest gains on Thursday, although upside remains limited as renewed hostilities in the Middle East revive concerns over energy-driven inflation and reinforce expectations that the Federal Reserve (Fed) may need to raise interest rates. At the time of writing, XAU/USD is trading around $4,102, up 0.66% on the day. The United States (US) and Iran exchanged another round of attacks overnight. US President Donald Trump said on Truth Social, “This is in retribution for yesterday’s bombing of ships by Iran. If it happens again, it will get much worse!” On Wednesday, Iran reiterated its threat to close the Strait of Hormuz if fresh attacks occur, raising concerns that global Oil flows could once again be disrupted after improving following last month’s interim peace agreement. The latest escalation has weakened hopes for a permanent peace agreement
The post Gold Price Forecast: Recoveries likely be capped as 20-day EMA slopes lower appeared on BitcoinEthereumNews.com.
Gold price (XAU/USD) trades 0.8% higher to near $4,110 during the European trading session on Thursday. The precious metal gains as the US Dollar (USD) is down despite a slight improvement in expectations that the next monetary policy move by the Federal Reserve (Fed) will be on the upside. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.1% lower to near 100.95 even after recovering over half of its early losses. According to the CME FedWatch tool, the odds of the Fed raising interest rates at least once this year have increased to 83.4% from almost 78% recorded a week back. Hawkish Fed prospects have increased as oil prices have bounced back strongly due to renewed Middle East tensions. Technically, higher interest rates by the Fed bode poorly for non-yielding assets, such as Gold. Investors worry
The post Oil: Rising geopolitical risks and Russian diesel ban – ING appeared on BitcoinEthereumNews.com.
ING analysts Warren Patterson and Ewa Manthey note that Oil has extended its rally as renewed US-Iran tensions threaten the fragile ceasefire and disrupt flows through the Strait of Hormuz. ICE Brent has moved above $78/bbl, while Russia’s ban on diesel exports until end-July intensifies middle distillate supply concerns. ING highlights tighter US product inventories and expects stronger demand for US barrels. Brent supported by supply disruptions “ICE Brent settled 5.2% higher yesterday at a little over $78/bbl, with further upside expected today following additional US strikes against Iran in response to its earlier attacks on several vessels navigating the Strait of Hormuz.” “Key for the oil outlook is whether the US and Iran are able to quickly de-escalate this latest rise in tensions.” “The market will be watching whether these crossings rebound in the coming days — or whether
The post Bitcoin vs. gold: Why the BTC/XAU ratio could be key in July appeared on BitcoinEthereumNews.com.
July has officially kicked off, bringing the hedge narrative back into focus. At the macro level, volatility is picking up again. On the 8th of July, the U.S.-Iran ceasefire collapsed, sending Bitcoin back toward $62k and wiping out $300 million in long positions shortly after the news broke. At the same time, oil jumped over 4%, reclaiming the $75/barrel level for the first time since losing it in mid-June. While U.S. President Donald Trump later said Iran is open to another round of negotiations, the damage to risk sentiment has already been done. On Polymarket, the odds of oil trading above $80/barrel this month have surged from just 13% to 65%, reflecting growing expectations of further geopolitical escalation and tighter energy markets. Source: Polymarket Notably, the shift is already showing up across macro data. According to FedWatch, the probability of a rate hike at the
The post Market Watch: Equities Advance While Bitcoin (BTC) Maintains $62K Amid US-Iran Tensions appeared on BitcoinEthereumNews.com.
Key Takeaways Equity futures showed gains Thursday following a second wave of US military operations targeting Iran Bitcoin maintained support above $62,000, posting a 1.2% daily decline but gaining 1.6% weekly Gold continued its downward trend for the fourth consecutive session as Brent crude advanced 1% to $78.80 per barrel Rate markets adjusted Federal Reserve hike expectations, moving the timeline from December to October The Fear and Greed index for Bitcoin rose to 27, breaking a 40-day streak in extreme fear levels Equity futures climbed Thursday morning as military tensions escalated with the United States executing another wave of strikes targeting Iranian positions. Contracts tied to the Dow Jones Industrial Average and S&P 500 both advanced 0.1%. Nasdaq-100 futures posted a 0.3% increase. E-Mini S&P 500 Sep 26 (ES=F) Late Wednesday, US military
The post Gold struggles as Hormuz risks, Fed hike bets limit USD weakness appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) struggles to capitalize on the previous day’s bounce from the $4,020 area, or a one-week low, and oscillates in a narrow range during the Asian session on Thursday. The US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes and acts as a tailwind for the bullion. However, renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026. This helps limit the downside for the USD and continues to undermine the non-yielding yellow metal. The Minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided with regard to the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the e
The post China Producer Price Index (YoY) meets expectations (4.1%) in June appeared on BitcoinEthereumNews.com.
Gold trades with a mild negative bias in the Asian session on Thursday, fading the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is supporting Gold. However, fresh US-Iran tensions drive Oil higher, reviving inflation concerns and limiting the USD’s downside and the bullion’s rebound. Source: https://www.fxstreet.com/news/china-producer-price-index-yoy-meets-expectations-41-in-june-202607090130