Oil

Oil

Markets

Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out

Jurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks.

Iran flag (Akbar Nemati/Unsplash, modified by CoinDesk)

Markets

Oil futures up 7% on Hyperliquid as Trump orders Naval blockade of Hormuz

Oil prices spiked on the Hyperliquid platform after President Donald Trump ordered a naval blockade of the Strait of Hormuz

Stacked pallets of oil barrels

Finance

Iran war oil-price shock revives inflation trade and a new stablecoin play

As oil shocks revive investor anxiety, stablecoins solved payments, but not purchasing power, says Michael Ashton, who's USDi token aims to fix that.

Skyline of the Iranian capital, Tehran

Markets

Crypto whale holding oil shorts walks away with $2 million in profit

A trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit.

Whisky barrels

Markets

Bitcoin eyes $75,000, nearing 25% bounce from February bottom

Gains came for crypto and stocks as tensions around the Strait of Hormuz appeared to ease slightly, sending oil prices lower.

Bitcoin (BTC) price on Monday (CoinDesk)

Markets

Bitcoin holds above $71,000, defying rising dollar, oil and U.S. bond yields

Stronger dollar, rising Treasury yields, and tech equities treading water contrast with bitcoin’s resilience amid geopolitical tensions.

North Sea oil rig.

Markets

Circle’s outperformance highlights USDC’s staying power, says bullish Wall Street analyst

William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

Oil veteran is putting the $6 trillion crude market on blockchain

LITRO aims to modernize the $6 trillion oil market by replacing slow, paper-based settlement with 24/7, on-chain trading and redemption.

CoinDesk

Videos

Trump signals 'very soon' end to conflict in the Middle East

Crypto market strength extended into Tuesday following comments from President Trump that the conflict in Middle East could be ending soon. Is the weakening dollar a signal that Bitcoin might see a further breakout? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

CoinDesk

Markets

Bitcoin climbs past $71,000 as oil shock fears continue to ease

The International Energy Agency (IEA) on Tuesday said it will convene an extraordinary meeting of its member countries to consider releasing emergency oil reserves.

Bitcoin (BTC) price on March 10 (Coindesk)