Bitcoin Holds Steady as US Strikes on Iran Rattle Stocks and Lift Oil
In brief Bitcoin held around $78,623 on Monday, down just 0.7% on the day but set to close August up more than 24%—its strongest month since 2017—despite a difficult macro backdrop. Fresh U.S.
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Key Facts
- Fact 1: In brief Bitcoin held around $78,623 on Monday, down just 0.7% on the day but set to close August up more than 24%—its strongest month since 2017—despite a difficult macro backdrop.
- Fact 2: strikes on Iran over the weekend sent oil higher and pushed stocks lower, with the S&P 500 off 0.5% and the Nasdaq down 0.4%.
- Fact 3: Fed Chair Kevin Warsh's hawkish Jackson Hole remarks lifted September rate-hike odds to ~58%;with Bitcoin's rally stalling and spot ETFs snapping a nine-day inflow streak as Ethereum funds kept drawing cash.
- Fact 4: Bitcoin is proving resilient at the start of the week, holding above $78,000 even as fresh U.S.
In brief Bitcoin held around $78,623 on Monday, down just 0.7% on the day but set to close August up more than 24%—its strongest month since 2017—despite a difficult macro backdrop. Fresh U.S.
strikes on Iran over the weekend sent oil higher and pushed stocks lower, with the S&P 500 off 0.5% and the Nasdaq down 0.4%. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks lifted September rate-hike odds to ~58%;with Bitcoin's rally stalling and spot ETFs snapping a nine-day inflow streak as Ethereum funds kept drawing cash. Bitcoin is proving resilient at the start of the week, holding above $78,000 even as fresh U.S.
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