Bitcoin price rebound threatened after UN Security Council alarm and Hormuz oil scare from Iran escalation
BTC rebounded from a $63,068 weekend low, but the U.S. reopen hinges on oil driven inflation fears and fresh spot ETF demand.
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BTC rebounded from a $63,068 weekend low, but the U.S. reopen hinges on oil driven inflation fears and fresh spot ETF demand.
Liam 'Akiba' Wright 9 min read
Bitcoin didn’t act like digital gold when the US moved on Iran, and traders know why.
Over $800 million in long positions were wiped out in minutes as the US open turned into a brutal liquidity bloodbath for unsuspecting traders.
With inflation surging and bazaar pricing breaking, capital controls and crackdowns decide how fast household savings get vaporized.
One of Iran's largest commercial lenders, Ayandeh bank, was declared bankrupt and its assets were dissolved in a state take-over, leaving depositors scrambling.
Over $350 million in shorts liquidated as Bitcoin rallies on Iran-Israel ceasefire news.
Bitcoin's weekend decline marks its first drop below $100k since May amid escalating Middle East tensions.
Global oil markets are jittery after U.S. airstrikes on Iran threaten the closure of the Strait of Hormuz, while Bitcoin price remains steady.
The Iranian central bank has enacted a curfew on crypto trading as Nobitex races to stabilize operations.
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