The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian crypto exchanges. The move is part of the Donald Trump administration’s Economic Fury campaign aimed at increasing economic pressure on Tehran. The Treasury’s sanctions apply to Nobitex, Wallex, Bitpin, and […]
Crypto markets have remained flat over the past day, but had a weekend boost after US President Trump hinted that a “largely negotiated” deal with Iran was imminent. “It also appears further progress has been made toward a 60-day ceasefire extension for the Iran War,” said the Kobeissi Letter. This week will see key inflation […]
After a few days of highlighting threats that a peace deal might not be reached soon, which increased the selling pressure on the crypto market, US President Donald Trump announced the opposite hours ago. The effects were immediate as bitcoin erased almost all Friday and Saturday losses, jumping to $77,000. Peace Deal Coming Soon? CryptoPotato […]
Bitcoin traded above $82,000 during the previous business week, but it was violently rejected and dropped by over seven grand in the following days to a monthly low of $75,000 marked during the night. Here are some of the possible reasons behind this correction. Trump Media, Cuban Sell Off CryptoPotato reported yesterday that one of […]
The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp). The most evident reason for this was the new set of threats from US President Donald Trump toward Iran. Even […]
Crypto markets have gained marginally over the weekend, hitting a weekly high on Monday morning trading in Asia. But this week’s inflation reports could put a dampener on things. Meanwhile, US stock market futures fell on Monday as Iran War peace talks stalled and President Trump said he does not like Iran’s response to the […]
Bitcoin, Ripple’s token, Solana’s SOL, and several other altcoins made impressive moves over the past few hours, which was rather unexpected given the Sunday market sentiment and lack of major developments. Interestingly, these recent gains coincided with Donald Trump’s latest message on Iran. The statement on Truth Social from the POTUS reads that Iran has […]
US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels. It is the first time the Treasury has named digital assets so explicitly in the context of the Iran pressure campaign, and it […]
Bitcoin’s price sluggishness that began on Friday was interrupted by a quick but unsustainable surge to just over $79,000 on Sunday morning after the latest developments on the Iran-US front. This time, reports claimed that Iran had sent its latest peace proposal to the US, which was the reason behind the quick uptick. However, US […]
Bitcoin broke out of the weekend slumber, surging to a 12-week peak of just under $80,000 before it was brutally rejected and driven south by roughly two grand in an hour or so. The most obvious reason behind this rather unexpected Monday morning pump came after reports emerged that Iran and the US could be […]