Bitcoin BTC$75,913.56 rose as much as 1.6% since midnight UTC to $79,742 as U.S. Central Command said it destroyed five Iranian oil tankers on Tuesday night and Tehran responded with missile strikes on American bases in Jordan.
Brent crude topped $100 a barrel for the first time since July. The largest cryptocurrency was recently trading near $79,000. Ether ETH$2,404.28 is 0.3% higher at $2,490 and XRP has added 0.4% to $1.42
The rally is happening against a risk-off backdrop in other markets. The Stoxx Europe 600 fell 0.5% at the European open following a 1.2% decline in the Dow Jones Industrial Average on Tuesday. Nasdaq 100 index futures are little changed since midnight.
Crypto is moving with the metals instead. Gold is up 1.06% at $4,401 and silver has added 1.33%. That is close to the inverse of Sept. 2, when U.S. strikes on Islamic Revolutionary Guard Corps (IRCG) targets sent bitcoin lower alongside equities.
U.S. spot bitcoin ETFs saw a $46.65 million net outflow on Tuesday, according to SoSoValue, following $174.6 million of inflows on Friday.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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