Finance News
By James Thorp
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Crypto Markets in Freefall. Ethereum couldn't escape the carnage either, sliding below $4,800 as the broader crypto ecosystem…
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Wall Street Feels the Heat. The Iran fears didn't stay contained to crypto markets.
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Whales Start Swimming Away. Blockchain data reveals some concerning trends beneath the surface.
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Bitcoin crashed through the $69,000 floor Thursday morning as traders dumped crypto holdings amid growing fears of a U.S. military strike against Iranian targets.
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The selloff came as Washington's deadline for potential military action against Iran approaches, with investors fleeing risky assets across the board.
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Gold surged too. The precious metal climbed $45 to $2,180 per ounce.
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Ethereum couldn't escape the carnage either, sliding below $4,800 as the broader crypto ecosystem felt the Iran shock waves. The second-largest cryptocurrency dropped 3.
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Trading volumes exploded across major exchanges as panicked investors rushed for the exits. The Chicago Mercantile Exchange reported a massive spike in Bitcoin futures activity,…
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Binance, the world's largest crypto exchange, saw Bitcoin withdrawals surge 15% over the past 24 hours.
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The Iran fears didn't stay contained to crypto markets. Traditional equities with Middle East exposure took hits too, with oilfield services giant Schlumberger dropping 2% on the…
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But it's the lack of clear information from Washington that's really spooking markets. The U.S.
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Michael Saylor isn't backing down though. The MicroStrategy CEO doubled down on his Bitcoin bet Thursday, telling CNBC that his company views the current price drop as a…
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Some analysts think the selloff went too far too fast. "Bitcoin's reaction to geopolitical events is pretty much immediate these days," said Marcus Chen, a crypto trader at…
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Not everyone agrees. The recent SEC delay on Bitcoin ETF approvals added another layer of uncertainty to an already nervous market.
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Blockchain data reveals some concerning trends beneath the surface. Glassnode analytics show the number of Bitcoin addresses holding over 1,000 BTC dropped 2% in the past week,…
The Currency Analytics
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