Bitcoin gains modestly on ceasefire optimism; oil sinks 4%

Crypto markets spent most of the session under pressure before recovering slightly late in the day on fresh geopolitical headlines.

Losses narrowed shortly after the close of U.S. equities, with digital assets seeing a modest uptick.

A report from Channel 12 suggested that a one-month ceasefire could soon be announced, as part of negotiations involving White House envoys Steve Witkoff and Jared Kushner.

The news helped improve sentiment at the margin, allowing crypto prices to bounce from intraday lows.

  • Related Posts

    Robinhood increases buyback authorization to $1.5 billion with shares still trending lower

    Robinhood has unveiled a new $1.5 billion share repurchase program, expanding its buyback capacity as the stock continues to trade significantly below its recent peak. According to a filing with…

    Continue reading
    Circle sinks 20% as revised Clarity Act draft jeopardizes stablecoin reward structures

    Shares of Circle came under heavy pressure Tuesday after a revised draft of U.S. stablecoin legislation raised fresh concerns about curbs on yield, sending shockwaves through crypto-related equities. The stock…

    Continue reading
    You have not selected any currencies to display