Search results for Persian Gulf
Crypto
Bitcoin hits highest since February on Trump ceasefire extension
Bitcoin rose above $79,000 at one point, its highest level in about 2 1/2 months, as expectations of easing Middle East tensions boosted appetite for risk assets. The rebound followed U.S. President Donald Trump’s decision to extend a ceasefire with Iran for two weeks while keeping a port blockade. U.S. stocks also gained. Analysts also cited central bank gold buying and a surge in China’s silver imports, while warning risks remain.
Mobility
Surging fuel prices boost global EV sales but U.S. supply constraints limit growth
Rising gasoline prices are lifting electric vehicle sales globally, but concerns are growing that the United States could fall behind because supply is not keeping pace. Europe set monthly records in March for EV and plug-in hybrid sales, with growth also continuing in Asia and Australia. Analysts cite high oil prices and ample Chinese EV supply as key drivers in parts of Asia. In the United States, demand indicators are improving, but fewer models and cancellations are constraining supply.
Crypto
Bitcoin hovers around $75,000 as institutional buying meets short-term selling
Bitcoin is holding around $75,000 on institutional demand, but selling pressure from short-term holders is limiting upside, CoinDesk reported. Markets are reflecting progress in U.S.-Iran peace talks and a two-week ceasefire, while a weaker dollar and softer U.S. Treasury yields provided support. On-chain data points to resistance near $76,800. Futures open interest rose as volume fell, while options showed subdued implied volatility and continued preference for puts.
