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The increase in oil prices occurs because Trump does not give time when the Iran war is to be over

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Crypto Breaking News

Oil Prices Soar as the calm of conflict is increasing

With Brent crude futures jumping to approximately 103 per barrel, it has recovered its losses that it had earlier experienced due to the Trump saga indicating that the war against Iran might last a long time.The intraday low of the Brent crude futures was about 98 per barrel. Meanwhile, the benchmark West Texas Intermediate (WTI) of the U.S. soared more than 2 percent to almost 99 closer in the session.The price increase was after Trump announced it in an interview with a host in the Fox News Radio station, Brian Kilmeade.

The statement was a change to his previous comments this week, in which Trump had indicated that the war is pretty much over.At the same time, United States Defense Secretary Pete Hegseth, himself, in a briefing, said that the U.S. has already used the largest number of strikes so far against the Iranian targets.

Bitcoin Slips Back in the Oil Rally

Market analysts observe that long-term geopolitical tensions are likely to drive investors to commodities such as oil and heighten doubtfulness in financial markets, encompassing cryptocurrencies.Analysts Warn Oil Could Surge to Historic Highs.RBC Capital Markets warns that the oil prices might rise further in case the conflict persists.Head of global commodity strategy of the firm, Helima Croft, indicated that there are a number of things that indicate that the war may run into the next few months.Croft predicts that oil prices might be even higher than the record levels between the 2022 Russia-Ukraine crisis in case the war lasts several weeks more.With an extension of three to four weeks of the war, the prices may go beyond the highs of $128 per barrel witnessed in the Russia-Ukraine War.Nevertheless, a war that might take several months would push the oil prices to an even higher mark than in 2008 of 146 per barrel and would cause a wider dislocation in the global market.

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Crypto World

Bitcoin Reaches Highest Level Of Bearish Chatter In 5 Weeks

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Bitcoin Reaches Highest Level Of Bearish Chatter In 5 Weeks

Social media bearishness around Bitcoin has reached its highest level since the end of February, according to crypto sentiment platform Santiment.

“FUD has crept back in with the community showing a key lack of optimism,” Santiment said in an X post on Saturday, adding that it is “usually a common ingredient for prices rebounding.” 

The data comes from a large sample of crypto-focused social media accounts and tracks the ratio of bullish to bearish Bitcoin (BTC) comments across X, Reddit, and other social media platforms.

Markets move in “opposite direction,” says Santiment

On Saturday, the ratio of bullish to bearish Bitcoin comments stood at 0.81, the lowest level since Feb. 28.

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Santiment data shows there are approximately 5 bearish comments for every 4 bullish comments. Source: Santiment

Bitcoin holders often look at broader market sentiment to guide buying and selling decisions. When sentiment is low, most expect more downside, and when optimism picks up, traders start to expect further upside.

However, Santiment said the market often moves in the opposite way. “Markets typically move in the opposite direction of the crowd’s expectations,” Santiment said. “A high level of FUD like this is a good sign that things can turn positive sooner rather than later,” Santiment added.

Bitcoin is trading at $67,100 at the time of publication, down 5.53% over the past 30 days, according to CoinMarketCap.

Bitcoin is down 5.47% over the past 30 days. Source: CoinMarketCap

Santiment pointed to the US CLARITY Act, which is a highly anticipated piece of legislation that the crypto industry is watching closely, as a potential “what-if” catalyst holding back Bitcoin’s price. 

Crypto market sentiment stays in “Extreme Fear”

On Wednesday, Coinbase chief legal officer Paul Grewal said the legislation is “moving toward” a markup hearing in the US Senate Banking Committee and could eventually move to a floor vote if senators resolve the stablecoin yield dispute and schedule a markup.

Related: Rich Bitcoin traders lost $337M daily in first quarter of 2026

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Other indicators suggest that investors are taking a cautious approach to the crypto market.

The Crypto Fear & Greed Index, which measures overall crypto market sentiment, has stayed within “Extreme Fear” territory, posting a score of 12 on Sunday.

Magazine: Bitcoin 85% crashes ‘done,’ CLARITY Act speculation mounts: Hodler’s Digest, Mar. 29 – April 4