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7 May 2026, 18:27

Crypto is like ESG with no real impact on financial industry — Minneapolis Fed's Kashkari

More on Kashkari Fed’s Kashkari warns Iran war clouds rate outlook, while Bessent sees oil relief Kashkari explains his dissent at FOMC meeting over 'easing bias'

7 May 2026, 18:20

Bitcoin Price Falls Under $80,000 as Iran Rejects U.S. Strait of Hormuz Deal As ‘Unrealistic’

Bitcoin price has fallen below $80,000 as traders reacted to renewed uncertainty around U.S.-Iran negotiations and rising signs of profit-taking after a sharp rally earlier in the week. At press time, the BTC price was trading near $79,840, down about 1.76% over 24 hours, after reaching an intraday high of about $81,705. The move pulled Bitcoin back from levels above $81,000 and placed the market near a key psychological support zone. The latest decline came after Iranian official Mohsen Rezaei said Tehran would not accept a U.S. proposal to reopen the Strait of Hormuz unless the plan included reparations for war damage. He described the U.S. framework as “unrealistic” and said Iran would not accept symbolic concessions. The Strait of Hormuz remains central to market attention because a large share of global oil shipments passes through the waterway. Any delay in reopening the route can affect energy prices, inflation expectations and investor appetite for risk assets, including Bitcoin. Iran Response Pressures Risk Assets Reports said the United States and Iran remain in a fragile ceasefire while negotiators discuss a possible framework to end the conflict that began earlier this year. The proposed agreement reportedly includes a 12-to-15-year moratorium on Iranian uranium enrichment, the lifting of some sanctions and steps to reopen the Strait of Hormuz. Iranian officials have pushed back against parts of the proposal. Tehran has reportedly sought broader sanctions relief, compensation for war damage and recognition of its authority over transit through the Strait. U.S. officials have rejected any structure that would require ships to pay Iran for passage through international waters. Secretary of State Marco Rubio has said Washington would not accept a toll system for vessels moving through the channel. The diplomatic dispute weighed on sentiment after earlier reports of progress had supported Bitcoin and other risk assets. President Donald Trump also warned that U.S. bombing could resume at a higher level if no final deal is reached. Bitcoin Profit-Taking Rises After Rally Bitcoin’s pullback also came as on-chain data showed traders taking profits after a strong move from early April lows. CryptoQuant reported that BTC had climbed about 37% since the start of April before reaching a three-month high. Daily realized profits rose to 14,600 BTC on May 4, the highest level since December 10, 2025, according to the data cited by analysts. The Short-Term Holder SOPR also moved to 1.016, showing that newer holders were selling coins at a profit. Bitcoin holders were also realizing net profits on a 30-day basis for the first time since December 22, 2025. That marked a shift from heavy net losses recorded in February and March, when the rolling figure reportedly fell as low as minus 398,000 BTC. Source: CryptoQuant Traders’ unrealized profit margin reached about 18%, the highest level since June 2025. Analysts said similar conditions have often increased the chance of more distribution as holders become more willing to lock in gains. Profit-taking does not always lead to an immediate correction. Perpetual futures demand remains active, spot demand has not collapsed, and exchange inflows remain muted compared with past sell-off phases. Key Bitcoin Price Levels Shift to $75,000 and $86,500 Technically, Bitcoin remains near a decision area after clearing short-side liquidity between $80,000 and $84,000. Market analyst Ali Martinez said major liquidity pools are now located near $75,000, $73,000, and $70,000. Bitcoin is also trading near its 200-day exponential moving average, reported around $82,162. That area has acted as resistance as BTC struggles to hold above the $80,000 to $82,000 range. Analyst Michaël van de Poppe said Bitcoin price may be consolidating after several days of upward momentum. He noted that assets often move in waves and that the broader trend can remain intact during short-term pauses. Source: X The $79,000 to $80,000 region is now in immediate support. A drop below that area could bring the $73,000 to $74,000 zone back into focus. That lower range is viewed as an important higher-low area for the current recovery structure. On the upside, traders are watching the $86,500 resistance zone. A confirmed break above that level could open a path toward $90,000 to $92,000, where another supply zone is expected.

7 May 2026, 18:17

Bitmine to slow down ether purchases as it nears accumulation goal, Tom Lee says

At the current pace of purchases, Lee said his Ethereum treasury giant would reach its 5% ether accumulation goal in six weeks, then shift its focus to staking and share buybacks.

7 May 2026, 18:15

GBP/USD Edges Higher as Renewed US-Iran Peace Hopes Weigh on Dollar

BitcoinWorld GBP/USD Edges Higher as Renewed US-Iran Peace Hopes Weigh on Dollar The British pound strengthened against the US dollar on Tuesday, as renewed diplomatic efforts between the United States and Iran raised hopes for a de-escalation of geopolitical tensions in the Middle East. The shift in sentiment reduced demand for the greenback, which had been buoyed by safe-haven flows in recent weeks. Geopolitical backdrop fuels currency moves Reports emerged over the weekend that US and Iranian officials had resumed indirect talks in a third country, signaling a potential path toward a broader agreement on Iran’s nuclear program and regional security issues. While no formal statement has been released by either government, market participants interpreted the development as a positive step toward reducing the risk of a direct military confrontation. The US Dollar Index, which measures the currency against a basket of six major peers, slipped 0.3% in early London trading. The British pound was one of the primary beneficiaries, with GBP/USD climbing to 1.2725, up from Friday’s close near 1.2650. The move reflects a classic risk-on rotation: when geopolitical tensions ease, investors tend to shift away from the dollar and toward currencies perceived as more growth-sensitive. Market reaction and trader positioning Currency traders have been closely monitoring Middle East developments since early 2025, when a series of tit-for-tat strikes raised fears of a wider conflict. The dollar had rallied sharply during those periods, as investors sought the relative safety of US assets. The latest round of peace talks has prompted a partial unwinding of those safe-haven positions. Analysts at a London-based brokerage noted that the pound’s gains were also supported by resilient UK economic data. The latest services PMI reading came in above expectations, and inflation figures have remained stickier than anticipated, reducing the likelihood of an early rate cut by the Bank of England. This divergence in monetary policy expectations — the Federal Reserve is seen as more likely to cut rates in the second half of the year — has added an additional layer of support for sterling. What this means for traders and investors For retail forex traders and institutional investors alike, the GBP/USD move underscores the importance of geopolitical risk as a short-term driver of currency markets. While economic fundamentals remain the primary long-term influence, events such as the US-Iran talks can trigger sharp, sentiment-driven swings that create both opportunities and risks. If peace talks progress further, the dollar could face additional downside pressure, particularly against currencies like the pound and euro. Conversely, any breakdown in negotiations or renewed hostilities could reverse the move just as quickly. Traders should remain cautious and consider setting appropriate stop-loss levels. Conclusion The GBP/USD pair’s rise reflects a market cautiously optimistic about a diplomatic resolution between the US and Iran. While the move is modest, it highlights how quickly currency markets can pivot on shifting geopolitical winds. For now, the pound is benefiting from a combination of reduced risk aversion and a relatively hawkish Bank of England. The next leg of the move will depend on whether the peace talks produce tangible results — or whether the optimism fades. FAQs Q1: Why does US-Iran peace affect the US Dollar? The US Dollar is often seen as a safe-haven currency. When geopolitical tensions rise, investors buy dollars for safety. When peace hopes emerge, they sell dollars and move into riskier assets, weakening the greenback. Q2: Is GBP/USD likely to keep rising? It depends on the outcome of the talks. If a credible agreement emerges, GBP/USD could test higher levels. If talks stall, the dollar may regain strength. Traders should monitor official statements and economic data for direction. Q3: How does this affect UK consumers? A stronger pound makes imports cheaper, which could help lower inflation over time. However, it also makes UK exports more expensive abroad, which could weigh on export-oriented businesses. The net effect on consumers is generally positive in the short term. This post GBP/USD Edges Higher as Renewed US-Iran Peace Hopes Weigh on Dollar first appeared on BitcoinWorld .

7 May 2026, 18:04

Binance Says Treasury Sent Letter Over Monitorship of Exchange

Binance, which agreed to a monitor while pleading guilty to US charges related to sanctions and anti–money-laundering violations almost three years ago, received a letter from the Department of the Treasury asking for interviews with employees of the crypto exchange and records to investigate potential sanctions violations, according to a person familiar with the matter.

7 May 2026, 17:59

BTC jumps to $83,000 after NY Fed inflation report

🚨 BTC soared to $83,000 after the new NY Fed inflation data. Rising oil costs drove inflation up 1% amid unresolved Iran tension. Continue Reading: BTC jumps to $83,000 after NY Fed inflation report The post BTC jumps to $83,000 after NY Fed inflation report appeared first on COINTURK NEWS .