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.
Hundreds of protesters have torn down fences surrounding a planned luxury development site in Albania, as public anger continues to mount over constr...
George Russell continued Mercedes's dominant qualifying form by securing pole position for the Barcelona-Catalunya Grand Prix, while Lewis Hamilton en...
Ukraine's Zaporizhzhia Nuclear Power Plant has been reconnected to the electricity grid after repairs were carried out under a localised ceasefire bro...
Kazakhstan’s ruling Amanat party has announced it will merge with a party launched only a month ago by allies of the country’s President Kassym-...
U.S. and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement to end fighting between the United States and Iran, but Teh...
Hundreds of protesters have torn down fences surrounding a planned luxury development site in Albania, as public anger continues to mount over construction in environmentally sensitive areas.
George Russell continued Mercedes's dominant qualifying form by securing pole position for the Barcelona-Catalunya Grand Prix, while Lewis Hamilton ensured an all British front row with second place for Ferrari.
Ukraine's Zaporizhzhia Nuclear Power Plant has been reconnected to the electricity grid after repairs were carried out under a localised ceasefire brokered by the International Atomic Energy Agency (IAEA).
Kazakhstan’s ruling Amanat party has announced it will merge with a party launched only a month ago by allies of the country’s President Kassym-Jomart Tokayev.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering (IPO), the company said on Monday, joining rival Anthropic in a race to the stock market as investors seek exposure to the artificial intelligence boom.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment