| Mobile Web

All articles List

Crypto

Bitcoin recovers $70,000 as oil falls, rate-cut hopes raise $80,000 talk

Bitcoin has regained the $70,000 level after sliding to about $67,000 earlier in the week, with analysts pointing to falling oil prices and interest rate expectations as key drivers. They said sustained declines in crude could bring forward central bank rate cuts, supporting non-yielding bitcoin. A resistance zone at $72,200 to $73,500 is seen as pivotal, with about $6 billion in short bets in the area. Geopolitical risks could reverse the move.

Crypto

Arthur Hayes says he will not believe Iran Hormuz bitcoin toll until he sees a transaction

Arthur Hayes, a BitMEX co-founder, publicly questioned claims that Iran is charging bitcoin tolls for tankers passing through the Strait of Hormuz. He said he would not believe the claim until he sees a bitcoin transaction linked to a vessel’s toll payment. Reports have described a toll of about $1 per barrel, payable in cryptocurrency or Chinese yuan. Shipping activity has remained limited despite a two-week U.S.-Iran ceasefire.

Crypto

U.S. asset manager XFUNDS launches ETF targeting bitcoin nighttime returns

U.S. asset manager XFUNDS has introduced an exchange-traded fund designed to take indirect exposure to bitcoin after the U.S. stock market closes, then shift into cash and short-term U.S. Treasuries during regular trading hours. The product, the Nicholas Bitcoin & Treasuries Afterdark ETF, trades under the ticker NGHT. The launch comes as competition in U.S. spot bitcoin ETFs shifts, with Morgan Stanley also debuting a lower-fee product.