By Jordan Lyanchev Bitcoin recovered most of the losses seen during the day after dipping to $62,400 and is now back above $64,000. What’s intriguing about this rebound is that it came after some unfavorable reports for risk-on assets. The first one focused on more threatening developments on the US/Israel-Iran war front, while the second […]
Tag: USOIL
By Jordan Lyanchev With almost seven weeks into the war in the Middle East, the two main sides, the US and Iran, announced some major de-escalation news on Friday, which included the reopening of the Strait of Hormuz and some progress on the peace talk front. This resulted in immediate volatility in all financial markets, […]
By Jordan Lyanchev Bitcoin and oil are on the move again as both assets jumped to their recent local peaks of over $72,000 ans $103 per barrel, respectively. This came as US President Trump reportedly urged Israel’s leader to tone down the attacks against Lebanon. Recall that reports suggested after this week’s cease-fire between the […]