OIL

The price of oil is now lower than it was before the Israel-Iran war and concerns of a global supply disruption have all but vanished.

BTC Recovers While Oil Slides
Bitcoin appeared to have regained its footing Tuesday morning while oil prices continued their decline after U.S. President Donald Trump gave China the greenlight to continue purchasing oil from Iran, following the Islamic Republic’s conflict with Israel.
Iran is one of the world’s top oil producing nations, pumping out roughly 4 million barrels per day. Economists had been bracing for a disruption in oil supply after Israel launched an attack on the country on June 13. Then on Saturday, the U.S. bombarded three key Iranian nuclear sites in what the Pentagon described as “the largest B-2 operational strike in U.S. history.”
Iran subsequently threatened to close off the Strait of Hormuz, a trading route for roughly 20% of global oil-related traffic, but it never followed through with its threat, easing concerns of a potential oil supply shortage. Bitcoin jumped on the news as oil prices retreated.

(Crude oil prices are now lower than they were right before the start of the Israel-Iran war / Trading Economics)
Then today, after Trump gave the nod to China, Iran’s largest oil customer, to continue doing business with the Islamic Republic, oil prices subsided even more, while BTC rose above $105K.
“China can now continue to purchase oil from Iran,” the president wrote on Truth Social. “Hopefully, they will be purchasing plenty from the U.S., also. It was my great honor to make this happen!”
Overview of Market Metrics
Bitcoin has made somewhat of a comeback over the past 24 hours. The cryptocurrency has climbed 3.24% and was trading at $105,755.74 at the time of reporting. BTC’s daily price range has fluctuated between $102,471.89 and $106,316.83. From a seven-day perspective, bitcoin is also in positive territory, up 1.63% as fears of a spike in oil prices due to the Israel-Iran conflict dissipate.

( BTC price / Trading View)
The uptick in price was accompanied by an increase in activity across the board. Daily trading volume rose 12.92% to $61.40 billion, and total market capitalization reached $2.10 trillion, mirroring the 3.24% daily gain. BTC dominance slid by 0.14% but remains above the 65% threshold at 65.24.

( BTC dominance / Trading View)
Open interest for bitcoin derivatives was up 3.07% to $69.69 billion and liquidations topped $114.62 million. Short sellers bore the brunt of the action, with Coinglass showing $102.82 million liquidated from short positions and a relatively smaller $11.80 million in long liquidations.

#Binance #wendy #OIL $BTC

🔹 Global financial markets are reeling from a shockwave. A U.S. bombing of Iranian nuclear facilities and Iran’s subsequent closure of the Strait of Hormuz triggered sharp swings in oil prices, a plunge in stock indexes, and a steep drop in Bitcoin.

⚔ Oil Spikes and Then Slumps
Right after news broke of the U.S. military strike on Iran, Brent crude oil surged to $81 per barrel—up more than 5%. U.S. WTI oil jumped to $75.60. But just as quickly, prices fell again and gains evaporated. Now, markets are holding their breath to see how Tehran responds.
Iran’s foreign minister warned that the country is considering “all options to defend its sovereignty.” That casts a heavy shadow over markets, especially as the Strait of Hormuz is the most critical oil chokepoint on the planet, handling a fifth of global oil supply.

₿ Bitcoin Acts Like a Risk Asset
The crypto market reacted instantly. Bitcoin plunged to $98,000, rebounded above $102,000, and then fell again. It’s now trading around $100,879. Investors dumped long positions—over $1 billion was liquidated in just 24 hours.
Capital inflows into spot Bitcoin ETFs have dried up. While over $1 billion flowed in early in the week, Friday saw just $6.4 million. The fading ETF momentum shattered confidence in BTC as a safe-haven asset.

📉 Equities Bleed in Asia, Europe, and the U.S.
U.S. futures opened lower—Dow Jones down 0.3%, S&P 500 down 0.3%, and Nasdaq 100 down 0.4%.
Asian markets followed suit. In Japan, tech stocks tanked: Screen Holdings -4.78%, Lasertec -4.31%, Disco -3.38%. Even Softbank fell 0.76%, and automakers took a hit: Nissan -2.22%, Mazda -2.17%, Toyota -1.36%.
South Korea’s Kospi lost 1.05%, and the more tech-focused Kosdaq dropped 1.78%. Hyundai and Kia plunged more than 4%.
European markets were mixed—Germany’s DAX rose 1.27%, Spain’s IBEX 35 climbed 0.77%, but London’s FTSE fell 0.2%, and France’s CAC 40 was flat.

💱 Currency Chaos: Euro Drops, Dollar Gains
The euro briefly surged to $1.18 before falling back to $1.15 against the U.S. dollar. Traders flocked to the dollar as a geopolitical safe haven.

📌 Summary
Global markets are experiencing unprecedented uncertainty. A storm of geopolitical conflict, fears of an energy crisis, and shaken trust in traditional safe-haven assets has triggered historic volatility across all asset classes. Investors are looking for direction—but only Iran’s next move may provide the answer.

#marketcrash , #iran , #bitcoin , #oil , #Geopolitics

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