SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
Crypto & Web3

Bitcoin Approaches $65,000 Amid Easing Inflation Hopes and Oil Price Decline

0
·7 views

Bitcoin edged closer to the $65,000 mark as improving risk sentiment lifted crypto markets. Comments from Donald Trump regarding jobs, inflation, and a potential Strait of Hormuz deal contributed to the positive mood among investors. Falling oil prices have fueled hopes of easing inflation, encouraging appetite for riskier assets like Bitcoin. However, analysts caution that Bitcoin's next significant move will depend on whether declining oil prices translate into lower Treasury yields and a weaker US dollar.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Tether Enters Saudi Arabia with Real Estate Tokenization Push

Stablecoin issuer Tether is expanding its tokenization business into Saudi Arabia. The company will initially focus on tokenizing institutional real estate assets in the kingdom. Tether has indicated plans to broaden its scope to other asset classes beyond real estate over time. The move marks a significant step in Tether's strategy to grow its tokenization operations in the Middle East.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

JPMorgan: Hyperliquid ETF inflows lose steam amid rising competition

Hyperliquid crypto ETFs saw strong investor demand during May and June, leading inflows among crypto funds in that period. However, according to JPMorgan, that momentum faded significantly in July and August. The bank attributed the slowdown to intensifying competition in the crypto ETF space. The development signals a shift in investor appetite away from Hyperliquid-focused products as more alternatives emerge.

0 comments Read more at CoinDesk