Data shows that Bitcoin's price gained at least 16% within a week of sharp oil price rallies.
Oil and Gas News
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Risk assets would take a significant hit if Iran closes the Strait of Hormuz, a narrow waterway supplying 20% of the global oil trade.
8596 - Market Update
Oil price talk leads macro analysis amid Middle East tensions, but whether Bitcoin will suffer as a result is up for debate as traders see a BTC price comeback.
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MARA Holdings and the head of digital assets research at VanEck endorsed the FLARE Act proposed by Texas Senator Ted Cruz on April 1.
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Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
13427 - Explained
Bitcoin is a volatile digital asset, gold is a stable physical store of value, and oil is a key energy resource with geopolitical risks.
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Bitcoin could reach a cycle top of over $160,000 on continued interest rate cuts and macroeconomic improvements in 2025, analysts have predicted.
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Bitcoin’s recent surge over $90,000 has pushed its market cap past Saudi Aramco, solidifying its position among top global assets.
21685 - Market Analysis
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
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BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.
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LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners.
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USDT-issuer Tether says it will block payments made to OFAC-sanctioned entities after sources claim Venezuela’s state-run oil company is using USDT to facilitate oil exports.
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Iraq is looking to reduce both pollution and its dependence on fossil fuels.
3266 - News
Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.
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Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis.
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