Crypto edges off of worst levels after Trump extends Iran strike pause
It was an ugly day all around in markets as the Iran war has sent oil prices and bond yields surging higher.
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Market Wrap
It was an ugly day all around in markets as the Iran war has sent oil prices and bond yields surging higher.
Cryptos bounced on Trump’s five-day pause announcement, but the next move hinges on whether tensions between the U.S. and Iran ease or spiral, a Wintermute trader said.
CEO Jensen Huang predicted $1 trillion in chip demand through 2027 and praised OpenClaw and the rapid rise of agentic AI systems.
Surging to a near one-month high of $74,000, bitcoin reversed back to just above $71,000 as news of U.S. military movements in the Middle East rattled risk assets.
Falling oil prices are helping, but a bounce seemed in the cards after some of the worst sentiment in bitcoin’s history.
It’s been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
Most cryptos have taken out their Sunday flash crash lows late in the U.S. session on Monday.
Galaxy, SharpLink, BitMine were among the names that plunged nearly 10% as risk appetite faded and bitcoin sunk to $113,000.
The Trump appointee overseeing the nation’s housing agencies said Freddie Mac and Fannie Mae should take mortgage applicants’ crypto holdings into account.
Crypto investors don’t seem fazed by the attacks.