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Crypto
Bitcoin breaks out of range as market watches oil and rate variables
Bitcoin moved above $78,000, breaking out of a range that persisted through March and early April. The move followed a lift in risk appetite after U.S. President Donald Trump said he would extend a ceasefire with Iran, sending stock index futures higher. On-chain data showed exchange-linked bitcoin holdings falling to 2.67 million BTC, a multi-year low. Analysts also pointed to elevated put option pricing and sensitivity to oil and interest-rate expectations.
Crypto
Crypto markets wait and see despite U.S. stocks at record highs, focus turns to ethereum
Bitcoin rose alongside record highs in U.S. equities, but derivatives markets signalled caution and did not treat the move as a clear trend reversal. Funding rates for perpetual futures stayed negative and open interest weakened, while options pricing showed stronger demand for downside protection. Among major altcoins, ethereum outperformed and the ETH/BTC ratio rebounded. On-chain activity and stablecoin supply hit record highs, as attention turns to U.S.-Iran talks.
Crypto
Bitcoin rebounds to $74,000 as Hormuz blockade begins
Bitcoin rebounded to around $74,000 after the United States began measures to blockade the Strait of Hormuz, recovering some of its losses alongside U.S. equities. Markets focused on the scope of enforcement, with analysis suggesting only ships traveling to and from Iranian ports would be targeted. Oil prices reacted, with WTI near $102 a barrel. Traders remained cautious on short-term direction and watched key price levels.