Latest news with #CarolineMauron
South China Morning Post
a day ago
- Business
- South China Morning Post
Bitcoin, other cryptocurrencies sink as Israel escalates Iran stand-off with air strikes
Advertisement The largest digital asset slid as much as 3 per cent on Friday morning in Singapore to dip below US$103,000 before paring losses, according to data compiled by Bloomberg. Second-ranked token ether had at one point shed about 7.6 per cent of its value. The sell-off came after explosions were heard in Tehran, according to local media. Israeli Defence Minister Israel Katz said he was declaring a special state of emergency due to Israel's 'pre-emptive strike against Iran'. Israel is anticipating a retaliatory drone and missile attack, Katz said. Advertisement 'Cryptocurrency is reacting negatively to news of Israel strikes in Iran, in line with major risk assets,' said Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for crypto derivatives. 'We expect to see technical support around US$101,000, but geopolitical news will drive price action from here in the short-term.'
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
Bitcoin sinks as Israel escalates Iran standoff with airstrikes
The crypto market reacted to Israel's strikes on Iran with losses, as technical support expected near US$101,000. (EPA Images pic) SINGAPORE : Bitcoin and other cryptocurrencies sank after Israel launched airstrikes on Iran in a major escalation. The largest digital asset slid as much as 3% on Friday morning in Singapore to dip below US$103,000, while smaller cryptocurrencies nursed steeper losses, according to data compiled by Bloomberg. Second-ranked token Ether at one point shed about 6.9% of its value. The losses came after explosions were heard in Tehran, according to local media. Israeli defence minister Israel Katz said that he's declaring a special state of emergency due to Israel's 'preemptive strike against Iran.' Israel is anticipating a retaliatory drone and missile attack, Katz said. 'Crypto is reacting negatively to news of Israel strikes in Iran, in line with major risk assets,' said Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for crypto derivatives. 'We expect to see technical support around US$101,000, but geopolitical news will drive price action from here in the short-term.' Stocks fell along with equity-index futures while investors rushed to the safety of havens such as Treasuries in the immediate aftermath of the strikes. Crude oil jumped more than 9% while gold also rose. 'While we await further news and a potential response from Iran, we are likely to see a further deterioration in risk sentiment as traders cut risk seeking positions ahead of the weekend,' Tony Sycamore, market analyst at IG, said in a note. Bitcoin was trading at US$103,130 as of 9:40am in Singapore on Friday.
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Sinks as Israel Escalates Iran Standoff With Airstrikes
(Bloomberg) -- Bitcoin and other cryptocurrencies sank after Israel launched airstrikes on Iran in a major escalation. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire The largest digital asset slid as much as 3% on Friday morning in Singapore to dip below $103,000 before paring losses, according to data compiled by Bloomberg. Second-ranked token Ether had at one point shed about 7.6% of its value. The selloff came after explosions were heard in Tehran, according to local media. Israeli Defense Minister Israel Katz said he's declaring a special state of emergency due to Israel's 'preemptive strike against Iran.' Israel is anticipating a retaliatory drone and missile attack, Katz said. 'Crypto is reacting negatively to news of Israel strikes in Iran, in line with major risk assets,' said Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for crypto derivatives. 'We expect to see technical support around $101,000, but geopolitical news will drive price action from here in the short-term.' Stocks fell along with equity-index futures while investors rushed to the safety of havens such as Treasuries in the immediate aftermath of the strikes. Crude oil jumped more than 9% while gold also rose. Bitcoin's decline shows that while it has 'occasionally traded as a macro hedge, in moments of acute risk like this one, particularly involving kinetic military conflict, liquidity is prioritized over narrative,' said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. 'Traders raise cash, rotate into dollars, and reduce leveraged or volatile exposure.' Over $1 billion dollars' worth of long positions across all cryptocurrencies were liquidated in the past 24-hours, according to Coinglass data. Tony Sycamore, market analyst at IG, said in a note that 'a further deterioration in risk sentiment' is likely ahead of the weekend. Bitcoin was trading at $103,540 as of 10:40 a.m. in Singapore on Friday. (Updates throughout) American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
