US EditionCrypto Market Hedges Iran War Risks With 24/7 Oil and Gold Trading
12 Articles
12 Articles
Crypto Traders on Tenterhooks as Oil Prices Signal Risks
(Bloomberg) — With 24/7 crypto markets having already digested US-Iran tensions over the weekend, digital-asset traders are on the defensive as they assess potential contagion risks from crude oil prices when US markets open on Monday.
Crypto market hedges Iran war risks with 24/7 oil and gold trading
NEW YORK: One of crypto's favourite 24/7 trading venues has become an unlikely hotspot for commodities and traditional asset classes last weekend, as traders scramble for round-the-clock hedges amid escalating tensions between the United States, Israel and Iran.
Even before the attack on Iran, Dow Jones and Nasdaq slipped into a downturn on Friday. On the weekend, oil prices rose, a lot points to a price explosion in gold, waiting for market reactions. For investors, this is a toxic mix – especially when they panic.
The impact of the US-Iran airstrike on the financial market is showing signs of turmoil in global energy and financial markets, with oil and gold prices rising and Bitcoin reeling. Following US President Donald Trump's announcement that Iranian Supreme Leader Ayatollah Ali Khamenei was killed in a joint attack with Israel, global energy and financial markets are showing signs of turmoil. (Local time, February 28)
Crypto Market Hedges Iran War Risks With 24/7 Oil and Gold Trading
One of crypto’s favorite 24/7 trading venues has become an unlikely hotspot for commodities and traditional asset classes this weekend, as traders scramble for round-the-clock hedges amid escalating tensions between the US, Israel and Iran.
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