Bitcoin Down But Not Out—Analyst Sees Recovery Ahead Amid Middle East War
Bitcoin briefly slid to $98,974 late on Sunday after US airstrikes targeted Iranian nuclear facilities. That was its weakest point since early May. But by Monday morning in Asia, the leading cryptocurrency topped $101,000 again. Traders are weighing whether this was just a hiccup or the start of a fresh trend. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Source: CoinMarketCap Arthur Hayes Sees Temporary Weakness According to Arthur Hayes, co-founder of BitMEX, the fall is only a short pause. On X, he wrote that “weakness shall pass” and....
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This week, BitQuick announced the launch of its trading platform BitQuick.me in the Middle East. While there haven’t been more details on the topic, we reached out to its founder and CEO Jad Mubaslat, for enlightenment. Jad Mubaslat is a senior student in biomedical engineering and avid entrepreneur based in Colombus, Ohio. He founded BitQuick, an over-the-counter (OTC) Bitcoin trading platform in February 2013, and hasn't stopped working on the startup since. Today, BitQuick offers its services to customers across the world including North America, Europe, Asia, and most recently, the....
Bitcoin’s recent price activity has been characterized by sharp swings as global uncertainties persist, particularly following the escalation of tensions between Israel and Iran. After plunging by nearly 5% amid the rising geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 and currently trading around $106,800. The past 24 hours have been highlighted by Bitcoin recovering toward $108,000 briefly again, but with escalating tensions in the Middle East, there’s a good chance it could crash soon. This aligns with an outlook from a crypto analyst, who noted that....
The recent performance of XRP has attracted substantial attention, as its open interest has increased to $4.3 billion. This surge has occurred in the context of a substantial price increase, with XRP reaching a one-week high of over $2.50. The resurgence indicates the potential for sustained momentum, which represents a departure from the decline observed in February. Related Reading: XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge XRP: Rebound In Open Interest The recent increase in XRP’s open interest is indicative of the fact that a greater number of investors are making....
International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” Mid East Undergoing ‘Rapid Change’. The report, released today titled “Blockchain Technology – Can the Digital Economy Thrive Without It?” focuses on the benefits that....
We interviewed David El Achkar, the founder of Yellow, one of the first Bitcoin payment solution provider in the Middle East. Middle East is a unique and lucrative market where online payments are expensive and not widely adopted yet. By offering a bitcoin-based payment service, yellow is bridging the gap created by lack of attractive online payment services along with the goodness of Bitcoin. Yellow was founded in mid-2013 by David El Achkar and James Piechota. The Dubai registered company has its presence in UAE, Lebanon and Jordan with plans of entering Kuwait soon. We asked him a few....