Closing Price (Jun 17): $0.2058, down ~10.1% on the day
52-Week Range: $0.1168 ā $9.36
Market Cap: ā$9.5Mā10.6M (based on ~21ā46M shares outstanding)
Volume (recent): ~1.09M daily ---
ā Next Steps for You
If you're considering investing: monitor the Nasdaq compliance timelineāfailure to regain minimum bid price (usually $1.00) could trigger a delisting if not resolved in time.
Track catalysts: management commentary, shifts in trading volume, partnerships, and financial updates.
Watch liquidity: low float and heavy volatility make WCT a speculative, high-risk play. #FOMCMeeting #WCTToken
#BBVA According to aĀ reportĀ by Reuters, BBVA has advised its top money clients to have 3% to 7% of their portfolio allocated to BitcoinĀ #$BTC BitcoinĀ and Cryptocurrencies.Ā #GENIUSActPass #FOMCMeeting #XAccountSuspended
NEW: š§š· Brazilās finance ministry has scrapped the monthly R$35K ($6.3K) crypto tax exemption.
As of June 12, all digital asset gains face a flat 17.5% tax under Provisional Measure 1303, replacing the previous tiered system. #TaxProposal #IsraelIranConflict $BTC
Geopolitical tensions like Iran-Israel can cause sharp BTC price swings as traders respond to headlines.
BTC might drop initially as risk sentiment declines and people move to safe-haven assets like USD or gold.
Safe-Haven Narrative
Some investors see BTC as ādigital goldāāa store of value during crises.
If this belief grows, BTC might rise alongside gold during escalating conflict.
Impact on Global Markets
Stock market crashes or oil price surges (due to Middle East conflict) can spill into crypto, especially if investors are reducing exposure across all assets.
š Mid-to-Long-Term Effects
Inflation & Currency Weakness
Wars often lead to economic sanctions, oil price hikes, and inflationāespecially in vulnerable countries.
Citizens in countries facing currency devaluation might adopt BTC as a hedge or means of international value transfer.
Sanctions & Crypto Usage
If sanctions hit Iran harder, crypto adoption may increase within Iran as an alternative to the traditional financial system (as has happened in the past).
However, this could also bring regulatory scrutiny on BTC transactions globally.
Mining and Energy Markets
Iran has significant BTC mining operations using subsidized energy. If conflict impacts infrastructure or energy, mining hash rate could be affected.
š Historical Reference
During Russia-Ukraine war (2022), BTC initially dropped but rebounded later as some Ukrainians and Russians turned to crypto to preserve capital.
Similarly, heightened tensions in the Middle East in the past have briefly increased BTC prices due to safe-haven demand.
Geopolitical tensions like Iran-Israel can cause sharp BTC price swings as traders respond to headlines.
BTC might drop initially as risk sentiment declines and people move to safe-haven assets like USD or gold.
Safe-Haven Narrative
Some investors see BTC as ādigital goldāāa store of value during crises.
If this belief grows, BTC might rise alongside gold during escalating conflict.
Impact on Global Markets
Stock market crashes or oil price surges (due to Middle East conflict) can spill into crypto, especially if investors are reducing exposure across all assets.
š Mid-to-Long-Term Effects
Inflation & Currency Weakness
Wars often lead to economic sanctions, oil price hikes, and inflationāespecially in vulnerable countries.
Citizens in countries facing currency devaluation might adopt BTC as a hedge or means of international value transfer.
Sanctions & Crypto Usage
If sanctions hit Iran harder, crypto adoption may increase within Iran as an alternative to the traditional financial system (as has happened in the past).
However, this could also bring regulatory scrutiny on BTC transactions globally.
Mining and Energy Markets
Iran has significant BTC mining operations using subsidized energy. If conflict impacts infrastructure or energy, mining hash rate could be affected.
š Historical Reference
During Russia-Ukraine war (2022), BTC initially dropped but rebounded later as some Ukrainians and Russians turned to crypto to preserve capital.
Similarly, heightened tensions in the Middle East in the past have briefly increased BTC prices due to safe-haven demand.