Bitcoin Surges, Then Drops Amid War Rumors
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoins Volatile Ride: War Tensions, Oil Prices, and Crypto Markets
Bitcoin surged to $68,300 on war rumors, then plummeted back to $66,500 as Israeli officials announced prolonged fighting. The 32-day war has pushed oil prices to $107 per barrel, sparking inflation fears and a risk-off mood. Crypto futures open interest dropped 3% to $104 billion in 24 hours, with bitcoin, ether, and others sliding 18% since January. Bitcoins 30-day volatility index hit 58%, hinting at more swings ahead. Altcoins mostly dipped 2-3%, but a few like Bitcoin Cash held steady. Bitcoins performance will likely influence altcoins movements as tensions persist.
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