Bitcoin News
By Evie Vavasseur
1 / 15
Trump's Iran Comments and the Oil Market Knot. U.S. equities initially climbed on the same news, then gave it all back.
2 / 15
Fed Rate Decision Looms Large. Underneath all the geopolitical noise, there's a bigger market event sitting right around the…
3 / 15
Bitcoin's Technical Position. Bitcoin didn't just climb on sentiment Monday. It also held above a level that technical traders…
4 / 15
Bitcoin hit $79,000 Monday. That's the headline. And the reasons behind the move are messier than a single number suggests.
5 / 15
The rally kicked off after Wall Street opened, pulling Bitcoin up roughly 3% on the day after a rough weekend of losses. The timing wasn't random. U.S.
6 / 15
U.S. equities initially climbed on the same news, then gave it all back. The S&P 500 closed down 0.3%. The problem is oil. WTI crude stayed above $100 per barrel.
7 / 15
Trump said oil prices would drop significantly once the military conflict ends. Maybe. But oil markets didn't fully buy it, and neither did equity traders.
8 / 15
That's kind of the interesting part here. Bitcoin's reaction to geopolitical relief was stronger and more durable than traditional risk assets on the same day.
9 / 15
Underneath all the geopolitical noise, there's a bigger market event sitting right around the corner: the Federal Reserve's interest rate decision.
10 / 15
The CME Group's FedWatch Tool put the probability of a rate hike at 92.7% — up from 59.4% just a week earlier. That's a massive shift in a short window.
11 / 15
Related: Bitcoin Soars Past $70K as Fed Rate Hike and Clarity Act Approach
12 / 15
Trading firm QCP Capital weighed in on exactly that point. Per QCP Capital, the anticipated rate hike had already been factored into market expectations, which should minimize…
13 / 15
That's a subtle but important distinction. A 25-bps hike is a 25-bps hike. But if Fed communication turns hawkish — if officials signal more hikes ahead, or hold the line on…
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And persistent high oil prices complicate all of it. QCP Capital flagged that oil staying elevated could shape U.S. financial policy going forward.
15 / 15
Bitcoin didn't just climb on sentiment Monday. It also held above a level that technical traders watch closely: the 50-week exponential moving average, currently sitting at…
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