Crypto sold off across the board with bitcoin down 2.1% and ether off 3.4% as Brent crude surged 7.1% to $126 a barrel on reports President Trump is being briefed on military options for Iran.
News from Web3, Bitcoin and crypto crurrency launches and market updates
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High-volume move flips support into resistance, leaving price stuck at a key decision level.
Bitcoin is sitting almost still while the rest of the majors give back gains and oil pushes above $111 on reports of an extended U.S. naval blockade against Iran.
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While the trading platform’s crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue up 15% to $1.07 billion.
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High-volume breakdown confirms sellers in control, with failed support turning into a key pivot as downside targets come into focus.
Bitcoin traded at $76,923 on Tuesday morning, down 2.4% over 24 hours after rejecting $79,400 the previous day, with the entire top 10 closing red as Brent crude extended its rally to a seventh straight day.