Bitcoin lost its weekend gains on Sunday, when it dropped below $74,000 after the US military captured an Iranian cargo vessel. This put pressure on both countries to agree on a truce.
BitcoinBTC” soared Coinbase reached a high of $78,300 on Friday, the highest since February. but dropped Iran’s announcement that it would shut down vital oil routes through the Strait of Hormuz over the weekend has resulted in a payout of between $75,000 to $76,000.
After US military announcements, the cryptocurrency fell sharply to trade briefly below $74,000. said It opened fire and seized a cargo ship that it said was trying to blockade Iranian ports. Tehran accused the US of breaking an agreement ceasefire.
A two-week truce between Iran and US helped boost the markets On Wednesday, the moratorium on rising oil prices will end.
Iranian media said that Tehran had vowed to retaliate for the US military seizing the ship. It also rejected the scheduled new round in Islamabad on Monday due to US blockade.
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US stock futures sank Sunday night amid rising tensions, with S&P 500 futures dropping 0.8%, Nasdaq-100 futures falling 0.6% and Dow Jones futures declining 0.9%, or about 450 points.
The price of crude oil rose over 4.5%, to more than $95 per barrel.
The Crypto Fear & Greed index The mood index rose to 29 points out of 100 Monday. This was the highest rating since January. “fear.”
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Source: cointelegraph.com
