Cryptocurrency Live News & Updates : Bitcoin Remains Stable Amid Middle East Tensions
20 Jun 2025 | 02:05:11 AM IST
Despite rising geopolitical tensions, Bitcoin's price has remained stable, with NoOnes CEO Ray Youssef suggesting it now behaves more like a tech stock than a hedge asset. Recent developments in the cryptocurrency market reveal a complex landscape. Bitcoin's price has remained around $105,000 despite escalating tensions in the Middle East, with CEO Ray Youssef of NoOnes noting that Bitcoin is increasingly acting like a tech stock rather than a hedge asset. Meanwhile, Sei Network's token surged over 13% after being selected as a candidate blockchain for Wyoming's upcoming WYST stablecoin, highlighting growing institutional interest in stablecoins. Ethereum is also gaining traction, with strategic reserves reaching 1% of its total supply, driven by corporate adoption. Notably, major holders like the Ethereum Foundation and SharpLink are leading this trend. On the other hand, Hedera Hashgraph's HBAR token has faced challenges, dropping significantly and forming a death cross pattern, despite the launch of AUDD, the first Australian dollar stablecoin on its network. This juxtaposition of stability in Bitcoin and Ethereum against the backdrop of HBAR's struggles illustrates the diverse dynamics at play in the cryptocurrency market. Show more
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