The U.S. hit Iran for the third time this week and Tehran has reportedly closed the Strait of Hormuz again.
- Bitcoin traded around $63,800 with only slight daily moves despite new U.S. airstrikes on Iran and Tehran’s declaration that it had closed the Strait of Hormuz.
- Other major cryptocurrencies, including ether, XRP and dogecoin, also saw only fractional price changes, continuing a muted pattern of reaction to Middle East tensions.
- Markets for oil, stocks and bonds are shut for the weekend, leaving bitcoin as one of the few assets pricing the latest escalation in real time, with a fuller reaction in crude expected when trading resumes Monday.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters :
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Franklin Crypto CIO says crypto prices are disconnected from fundamentals
Bitcoin panic-selling may be ending as sellers' profit margins disappear
Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion
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