Strategy Spends $2 Billion on Massive Bitcoin Buyout - In one of the most aggressive corporate treasury maneuvers of the year,
Metals fall as investors concern about a quick ceasefire between the US and Iran - Copper prices have declined as investors remain concerned about the global economic outlook and are reacting cautiously to Trump's hints about progress toward a peace agreement with Iran.
Bitcoin stabilized below $77,000 on Tuesday after a fourth straight session of declines.
Investors focused on developments around Iran, the sharp rise in oil prices, inflation, and expectations for US interest rates.
The world's largest cryptocurrency was trading down 0.1% at $76,818.9 as of 8:33 AM Moscow time, after declining for the past four sessions.
Last week, Bitcoin rose above $82,000 amid inflows into ETFs.
Trump Says Standard Strikes Against Iran Are Prevented
Market sentiment is weak, despite US President Donald Trump's statements that the next steps on Iran were due to continued economic volatility.
Nevertheless, uncertainty surrounding the Strait of Hormuz and threats to global oil supplies has kept the market cautious. Oil prices climbed higher, above $100 per barrel, after a sharp rise in recent weeks amid concerns about supply disruptions related to the conflict in the East.
The rise in oil prices generally reflects concerns that global inflation could remain persistently high, forcing central banks to maintain high interest rates and curb interest in speculative assets such as cryptocurrencies.
U.S. Treasury yields were at their lowest on Tuesday, with the benchmark 10-year yield hovering around 4.44% after sharply rising in recent sessions as investors priced in inflation risks from high energy prices.
Analysts noted that Bitcoin continues to trade in line with overall risk sentiment, with geopolitical tensions overshadowing optimism around institutional futures and inflows into spot ETFs. "The world's largest cryptocurrency continues to trade in a macroeconomic market environment, where ETF inflows, regulatory changes, and institutional support are providing support, while political tensions, inflationary concerns, and general risk aversion continue to drive price volatility," IG analysts said in a recent note.
Broader financial markets, as well as volatile markets, remain uncertain. Asian stock markets remained unsure of their direction, while debt markets worldwide were skewed amid concerns that the Iran conflict could turn into a protracted inflationary shock to the global economy.
Cryptocurrency Market Today: Altcoins Sideways
Most altcoins traded narrowly on Tuesday amid political sentiment.
Ethereum, the world's second-largest cryptocurrency by market capitalization, rose 0.4% to $2,125.60. XRP, the third-largest cryptocurrency, fell 0.7% to $1.38.
Solana lost 0.4%, Polygon fell 1%, and Cardano gained 0.3%.
Among meme tokens, Dogecoin fell 1.6%.