Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Cryptocurrency prices plunged during the recent flare-up between Israel and Iran, reflecting investor caution amid heightened geopolitical tensions. Bitcoin dropped from $107,000 to $102,000 after Israel began its airstrikes on 13 June, while altcoins across the market lost more than 10%.
The downtrend deepened as mutual strikes continued, dampening any short-term market optimism. The sharpest drop came on 22 June, when the U.S. entered the conflict by bombing Iranian nuclear sites - a move that pushed many altcoins down by more than 30%.
At its lowest point, the total value of the global cryptocurrency market fell from $3.4 trillion to $3 trillion - the lowest on record.
However, markets reacted positively after a ceasefire was announced. Bitcoin recovered to more than $106,000, nearly regaining its pre-conflict level. Altcoins also bounced back, many rising more than 20% to return to their earlier valuations.
The Kremlin said on Friday it presumed that U.S. President Donald Trump was still pursuing efforts to achieve a settlement to the Ukraine conflict des...
Pakistan’s defence minister has said the country’s nuclear capability will be available to Saudi Arabia if required under a newly signed mutual de...
The United Nations Security Council did not adopt a draft resolution on Friday to permanently lift sanctions on Iran, but Tehran and key European powe...
Israel's military said it had expanded operations in Gaza City on Friday and bombarded Hamas infrastructure, while displaced Palestinians traumatised ...
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava....
The Kremlin said on Friday it presumed that U.S. President Donald Trump was still pursuing efforts to achieve a settlement to the Ukraine conflict despite Trump's statement that Russian President Vladimir Putin had let him down through his actions.
Pakistan’s defence minister has said the country’s nuclear capability will be available to Saudi Arabia if required under a newly signed mutual defence pact.
Israel's military said it had expanded operations in Gaza City on Friday and bombarded Hamas infrastructure, while displaced Palestinians traumatised by the advance said they had no means to flee.
Azerbaijan is emerging as a strategic tourism hub in the South Caucasus following the landmark peace agreement with Armenia, ushering in a new era of regional connectivity and cross-border travel.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
European shares nudged up on Thursday after the U.S. Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning.
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on the island, was once a source of patriotic pride.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment