“Plus: Okx is Considering A US IPO”, – WRITE: www.coindesk.com
Asia begins the Trading Week, {{BTC}}} is Trading Above $ 100,500 as The Initial Valativity from News Over the Weekend That Us Struck Some of Iran’s Nuclear.
While Prices Briefly Dipped Below Six Figures on Sunday in A Risk-Off Reaction, Markets Have Since Stabilized. Equity Futures Are Flat, and Gold Is Up Only Marginally, Suggesting That Traders Are Not Yet Prting in A Broader Escalation.
The Lack of Follow-Through in Traditional Markets May Reflect Expectations that Iran’s Response Will Be Contained or Delayed, Racher Than ImMediate and Destabilizing.
Crude Oil Is Holding ITS GAINS NEAR $ 76 per Barrel After Spiking Nearly 4% Sunday Evening on Fears That Iran Cold Block The Strait of Hormuz, A Key Chokepoint Olbal Oil O. Still, Commentary from US Officials and Muted Early-Week Trading Suggest That Investors Remain in a Wait-and-See Mode.
In Crypto Markets, Altcoins That Had Mirrored Btc’s Weekend Drop, Like Eth, Xrp, and Sol, Are Also Clawing Back Losses.
For now, The Market Appears to be Treating the US-IRAN CLASH as A Geopolitical FlashPoint, not A Structural Break.
(Coindesk)
Okx Considering US IPO: REPORTCrypto Exchange Okx is Considering A Public Listing in The Us, Accorness to A Report from the Information.
Earlier this year, the exchange Announced A US Expansion After Setting with the Department of Justice Over Acusations that It Operated in the Country Without a Money Transmitter License.
Bullish, A competitor to OKX, and the Parent Company of Coindesk, is said to be considering an apetite investors for companies with exposure to Digital Assets.
Okx told Coindesk It Had No Comment on the Matter.
Polymarket Bettors Less Certain About Second US Strike on Iran
Polymarket Bettors Are Cooling to The Idea That The Us Will Hit Iran a Second Time Before The end of the month.
The ‘YES’ Side of A Contract Asking If The Us Will Conduct Another Military Action on Iran by June 30 is now Novting at 54%, from 74% in the Hours after the infer.
There appears to be a growing Market Belief that Deconfliction – On Both Sides – is on the Agenda, as evidENCed by another contract is Currently Trading at 49% Down from 52%.
Market Movements:
- BTC: Bitcoin Rebounded to $ 101.419 after a volatile 4.5% intraaday swing, FINING STRONG SUPPORT AT $ 99,000 AMID GOOPOLITICAL TENSIONS AND SURING INSTITUTIONAL BUYING INTERTERT.
- Eth: Ethereum Fell 2.3% to $ 2,237 AMID US-Iran Tensions, Breaking A Six-Week Consolidation Pattern Despite Over $ 500 Million in Institutional Accompumulation.
- GOLD: Bank of America Analysts Predict Gold Could Hit $ 4,000 An OUNCE WITHIN A YEAR, An 18% Jump, Driven Less by Geoplitical Tensions and More by Mounting BYTHF USA FISCAL DEBT An A GLOBAL SHE Dollar Toward Gold.
- Nikkei 225: Asia-Pacific Markets Fell Monday as the Us Strikes on Iranian Nuclear Sites Fueled Oil Price Spikes and Fears of Broader Middle East Escalation, With Japan’s Nikkei 225 Down.
Elsewhere in Crypto:
- Texas Governor Greg abbott signs strategic bitcoin reserve Bill Into Law (The Block)
- WHICH Crypto ipos Could Be Next Following Circle? (Decrypt)
- What Are Savvy Bitcoin and Ether Traders Preparing for As Summer Approaches? (Coindesk)
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