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Crypto

Bitcoin shrugs off Iran shock; S&P 500 short squeeze mentioned

Bitcoin held around $66,000 despite rising tensions between the United States and Iran. It dipped about 1 percent intraday but stayed elevated after climbing near $67,000, a five-week high. Oil prices rose to their highest since June 11, while crypto and U.S. stocks remained relatively steady. A market analysis account highlighted high short interest in the S&P 500 and Russell 3000, raising the possibility of a short squeeze. Traders watched $67,000 as a key level.

Crypto

Caution persists despite bitcoin strength, focus on $65,600 and $67,200 zones

Bitcoin briefly rose to $65,500, its highest level in three weeks, supported by a slowdown in the U.S. producer price index and inflation data that came in below expectations for a second day. Some observers said the figures could lift stocks and further lower expectations of future rate increases. Still, traders and analysts flagged near-term technical resistance around $65,600 and $67,200 and warned of potential pullbacks.

Crypto

Bitcoin holds around $63,000 despite U.S. chip stock selloff

Bitcoin is holding around $63,000 despite a stock selloff led by U.S. semiconductor shares. It traded near that level after Wall Street opened and earlier rose to $64,660, its highest since June 22. The S&P 500 fell 0.6 percent and the Nasdaq 100 dropped 2.1 percent, with Micron Technology down more than 9 percent. Spot bitcoin ETFs posted net inflows for a second straight day, helping bitcoin avoid a sharp decline.