finance
Bitcoin Holds Near Three-Week High After Softer U.S. Inflation Data and Iran Tensions
Bitcoin traded at $65,260.10 on July 15 after reaching a three-week high of $65,200. Ether touched $1,895, its highest level since June 3. Rising U.S.-Iran tensions over the Strait of Hormuz offset earlier gains tied to softer U.S. inflation data.
Jul 15, 7:05 AM·1m read1 source
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Bitcoin held near a three-week high on July 15 as tensions between the U.S. and Iran over tanker movements in the Strait of Hormuz offset gains from a softer-than-expected U.S. inflation report released Tuesday.
The largest cryptocurrency traded at $65,260.10 after touching $65,200 earlier in the session, according to CoinDesk Data. It rose more than 3% over the prior 24 hours but fell 0.6% since midnight UTC. Ether followed a similar path, reaching $1,895, its highest level since June 3.
The second-largest cryptocurrency rose 5% over 24 hours yet dropped 0.8% since midnight. Nasdaq 100 futures gained 0.53% and S&P 500 futures added 0.22% during Asian and European hours. Several altcoins posted larger moves.
PUMP rose 8.5% since midnight after investors absorbed a team and investor unlock. HYPE advanced 4% and targeted a record above $78. Zcash climbed more than 10% over 24 hours before consolidating around $557.
LIT gained 0.5% near its all-time high of $2.76, while WLFI fell about 1% to $0.05721. Derivatives markets showed modest bullish positioning. Bitcoin options open interest reached $17.3 billion with the three-month annualized basis at 3.8%.
The 24-hour call/put ratio moved to 66/34 and the one-week delta skew held near 15%. CoinMarketCap's Altcoin Season indicator stood at 46/100. Liquidations totaled $357 million in the 24 hours ending July 15, with shorts accounting for 81% of the total.
Ether liquidations reached $132 million and Bitcoin liquidations reached $118 million.
