Bitcoin held strong above $67,000 amid oil surge to $119 per barrel on Middle East conflict and inflation fears, with analysts seeing signs of a potential BTC price reversal. Bitcoin (BTC) traded above $67,000 on Monday after posting its first bullish weekly close in seven weeks. Meanwhile, oil prices surged as the Middle East conflict prompted fears of a major supply shortage. Key takeaways: Bitcoin holds firm above $67,000 as oil prices surge to the highest level since 2022. Read more
Coinbase launched regulated crypto and equity index futures for Advanced users in 26 European countries as ESMA sharpens scrutiny of perpetual-style products. Cryptocurrency exchange Coinbase has launched new futures offerings in Europe, expanding its push to give users access to both crypto and traditional market exposure through regulated products. Coinbase said Monday the contracts are being rolled out to Coinbase Advanced users in 26 European countries, including Germany, France and the Netherlands, through its Markets in Financial Instruments Directive, or MiFID, entity. The new lineup includes crypto futures tied to assets such as Bitcoin (BTC) and Solana (SOL), along with an equity-index product called the Mag7 + Crypto Equity Index Futures. Coinbase said that contract combines exposure to the so-called Magnificent Seven stocks of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, with crypto-linked equities and BlackRock iShares exchange-traded funds tied to BTC and Ether (ETH). Read more
Bitcoin ETPs turned green year-to-date with $521 million inflows last week, as total crypto assets rebounded despite geopolitical tensions linked to Iran. Crypto investment products held firm last week, clocking decent inflows despite ongoing market turmoil caused by fears of an energy crisis fueled by the US-Israel war with Iran. Crypto exchange-traded products (ETPs) recorded $619 million in inflows last week, led by $521 million into Bitcoin (BTC) investment products, CoinShares reported Monday. The gains followed the previous week’s $1 billion in inflows, marking two consecutive weeks of gains after a major sell-off that saw roughly $4 billion in outflows in a five-week streak. Read more
Bitcoin faced two death crosses and the total failure of the $74,000 BTC price breakout headed into the second week of March as the US and Israel-Iran war raged on. Bitcoin (BTC) starts the second week of March on the edge, with markets focused on the Middle East. Bitcoin erased its latest breakout attempt and closed the weekly candle below key resistance. Oil volatility and associated inflation pressures are the week’s main focus for traders. Read more
Bitcoin rebounded from around $65,725 to nearly $68,000 as oil pulled back from its 25% Sunday spike above $117 and market jitters eased. Oil prices pulled back sharply early Monday after reports that Group of Seven (G7) finance ministers planned an emergency call to discuss a coordinated release of strategic crude reserves, giving markets a possible policy response to the war-driven supply shock. The Financial Times reported that G7 finance ministers planned an emergency call to discuss a possible coordinated release of 300 million to 400 million barrels from strategic oil reserves to calm markets after the war-driven spike in crude prices. The G7 countries consist of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, with the European Union as a non-enumerated member. On Hyperliquid, crude oil futures rose nearly 25% to as high as about $117 overnight before falling by around 14.5% to roughly $100 after the G7 reports emerged. The reversal suggested traders were quickly reprici...