BTC drops below 73,000 USDT

Bitcoin Remains Resilient as Iran-US Conflict Fuels Risk-Off Sentiment

Bitcoin has gained over 2%, defying a global risk-off sentiment sparked by the escalation of the US-Iran conflict that has seen most stocks plunge. Analysts say it’s the best time to buy BTC as the US Fed is going to start printing billions of dollars to support the war, as it has in

Trader Opens $42.7M Bitcoin Long Position with 30x Leverage as BTC Hits $71,000

Gate News bot message, Bitcoin returned to $71,000. Trader 0x004E opened a 30x long position on 600 BTC ($42.7M) in the past 20 minutes at an entry price of $70,235.8. The trader has unrealized profit of $570K. The liquidation price is $66,942.69.

QCP: Bitcoin remains resilient amid the Hormuz crisis, while AI and tech industries come under pressure

The closure of the Strait of Hormuz has led to rising energy prices, with Brent crude reaching $83 and natural gas up 50%. The South Korean stock index KOSPI fell 20% due to the impact. Bitcoin performed strongly, possibly indicating a shift in risk appetite. The market expects continued volatility, with all parties pressuring Iran to open the strait.