Headlines

Bitcoin price rejected at $67K as U.S.-Iran war drives oil higher

Bitcoin price has retreated from nearly $67,000 after escalating U.S.-Iran hostilities pushed oil prices higher and tempered optimism created by progress on the CLARITY Act. Summary Bitcoin pulled back after briefly touching $66,965 as sellers defended the $67,000 resistance level. CLARITY Act progress, ETF inflows and short liquidations fueled BTC’s rapid advance. Rising oil prices…

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Bitcoin’s Spot Market Remains Sluggish, but Derivatives Tell a Different Story

Glassnode reported improving derivatives activity despite muted spot trading in the Bitcoin market. Speculative activity in the Bitcoin market is showing signs of recovery even as spot market participation remains subdued, according to Glassnode’s latest findings. The analytics firm said spot trading activity continues to lack conviction, as Spot Volume fell below the lower…

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