Bitcoin tops $80,000 as altcoins rally and risk appetite returns
The story
Crypto markets climb Tuesday with BTC above $80,000, altcoins gaining momentum, and investors rotating into higher-risk plays amid improving sentiment.
From the source
BTC currently trades at $80,690 having risen by more than 1% since midnight UTC. Ether (ETH), meanwhile, is at $2,370 after it failed to break April s high of $2,460.
U.S equities are up in pre-market trading, with Nasdaq 100 futures and S&P 500 futures increasing by 0.5% and 0.3% respectively on Tuesday, spurred by investors buying the dip after jitters on Monday in relation to the Strait of Hormuz.
Precious metals gold and silver also ticked higher on Tuesday but remain significantly lower than the speculative blow off top in early March.
Who and what
Key names and topics in this story: Bitcoin.
Where to follow next
- Read the full piece at www.coindesk.com
- More from our Crypto & web3 coverage
Related stories
Iran-UAE tensions are pushing Bitcoin toward a record bond-market danger zone
Iran's attack on ships in the Strait of Hormuz and a drone strike on the Fujairah Oil Industry Zone sent Brent crude to $114.44 and WTI to $106.42, while the 10-year Treasury yield climbed to roughly 4.44% and the 30-year broke above 5%. Bitcoin registered an intraday high of $80
US-Iran tensions drive rupee to record low, impact oil and Bitcoin markets
Geopolitical tensions heighten economic instability, influencing global markets and complicating monetary policy decisions amid inflation concerns. The post US-Iran tensions drive rupee to record low, impact oil and Bitcoin markets appeared first on Crypto Briefing .
Bitcoin inflows hit $117.8M amid US-Iran ceasefire talks
Institutional confidence in digital assets rises, potentially stabilizing Bitcoin prices amid geopolitical and regulatory developments. The post Bitcoin inflows hit $117.8M amid US-Iran ceasefire talks appeared first on Crypto Briefing .
US Spot Bitcoin ETFs acquire $532.3M in Bitcoin amid regulatory clarity push
The ETF inflows and regulatory clarity may boost institutional confidence, potentially driving Bitcoin prices toward higher targets like $80,000. The post US Spot Bitcoin ETFs acquire $532.3M in Bitcoin amid regulatory clarity push appeared first on Crypto Briefing .