The crypto market is closing out the week on a constructive note, with bitcoin BTC$64,998.03 adding as much as 1.1% since midnight UTC to $65,760 as the broader market held its ground despite a macro backdrop that should be applying far more pressure.
Brent crude futures are trading at $97.66 per barrel, the highest since mid-May, as the Iran conflict shows no sign of de-escalating. While previous oil spikes have rattled risk assets including crypto, digital assets are broadly green this morning.
Ether (ETH) mirrored bitcoin’s gain, rising as much as 1.6%, while the likes of HYPE and FET rose more than 2%.
Traditional markets are muted, with S&P 500 and Nasdaq 100 index futures both marginally positive and gold holding above $4,000. The Dollar Index has edged slightly lower.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
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