Related News

Shubhanshu Shukla completes 7 experiments: Isro | India News

BENGALURU: Astronaut Shubhanshu Shukla has completed all seven microgravity experiments and other planned activities, “achieving a milestone in the mission”, Isro said a few hours after Shukla undocked from the

How kiwi can help with constipation and improve gut health |

Many people struggle with constipation and bloating, often triggered by high-fiber foods or supplements. Instead of relying on medications, a natural solution can be found in kiwi. Kiwi is a

Campa goes global: Reliance Consumer launches soft drink brand in Nepal, partners with Chaudhary Group for local rollout

Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries, has launched its Campa Cola soft drink brand in Nepal, marking its formal entry into the neighbouring

The real reason behind morning walks: It’s not fitness, it’s hormones |

The early morning hours have long been associated with productivity, clarity, and a sense of accomplishment. For many, a morning walk is a cherished ritual that sets the tone for

Access Denied

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1752496290.6fb839 Source link

6 scenic European countries to explore by train with a Eurail Pass

Starting from $158Planning a rail adventure through Italy? Take advantage of the Italy Pass that offers 3 days of unlimited train travel in second class, which can be used within

Bitcoin Iran attack crypto market sell-off

Word Count: 372 | Estimated Reading Time: 2 minutes

Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets.

Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — as the crypto market became the first to react to escalating geopolitical risk.

Bitcoin is trading around $99,380, down more than 2% over the past 24 hours, while ether has dropped 5% to below $2,200. Solana, XRP, and dogecoin also posted sharp losses, dragging the entire crypto complex deep into the red.

The selloff appears to be a combination of geopolitical shock and macroeconomic concern.

Iran has reportedly threatened to block the Strait of Hormuz — a vital shipping lane that handles about 20% of global oil supply. JPMorgan warns that a full closure could drive oil prices as high as $130 per barrel.

One prominent macro research firm notes that such a spike could send U.S. inflation back toward 5% — a level not seen since March 2023, when the Fed was still actively raising rates.

That outlook has traders reassessing the path of interest rates — and rotating out of speculative assets like crypto.

While bitcoin is often pitched as an inflation hedge, it’s currently behaving more like a high-beta tech stock. According to crypto data provider Kaiko, bitcoin’s correlation with the tech-heavy Nasdaq has climbed sharply in recent weeks, after hitting a multi-month low earlier this year — a period that coincided with surging inflows into spot bitcoin ETFs.

Institutional positioning also appears to have shifted.

More than $1.04 billion flowed into spot bitcoin ETFs from Monday through Wednesday last week, according to data from CoinGlass. But those inflows collapsed heading into the weekend, with zero net movement Thursday and just $6.4 million on Friday — coinciding with President Donald Trump’s early G7 departure and the announcement of a two-week review of U.S. options on Iran.

The technical breakdown added fuel to the selloff.

CoinGlass research shows bitcoin’s drop below $99,000 triggered forced selling across offshore derivatives platforms like Binance and Bybit. At its peak on Sunday, more than $1 billion in crypto positions were liquidated during a 24-hour span — with over 95% coming from long bets, underscoring just how overexposed the market was heading into the weekend.