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Bitcoin Rally Stalls Despite Rising ETF Inflows
Bitcoin price came under pressure as geopolitical tensions intensified, pushing crude oil prices to their highest level since June 16. The BTC/USD pair was trading at 65,702 on Thursday morning, slightly below this week's high of 67,000, as investors adopted a more cautious stance amid rising uncertainty. Bitcoin and other assets were little changed as the US and Iran continued their attacks. In Wall Street, the Dow Jones Index rose by just 40 points, while the Nasdaq 100 and S&P 500 indices retreated slightly. Traders are worried about inflation as the US-Iran conflict continues. Brent and the West Texas ... (full story)
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From tradersunion.com | 5 hr ago
Broader risk appetite weakens in early Thursday trading as higher energy prices and rising bond yields pressure speculative assets, pushing bitcoin down toward $65,500. The decline also spreads across major tokens while concerns build over a tougher path for U.S. crypto market structure legislation. As reported by CoinDesk, bitcoin remains under selling ...
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