Investing News Network
- Oil Prices Surge as Iran Conflict Halts Tanker Traffic Through Hormuz (2026-03-05)
Oil and gas prices extended their sharp climb this week as the escalating conflict between the US, Israel, and Iran disrupts shipping through one of the world’s most critical energy chokepoints.
Crude oil futures surged again on Thursday (March 5), with the US benchmark climbing roughly 3.5 percent to about US$77 per barrel—the highest level in more than a year. Brent crude rose nearly 3 percent to around US$83 per barrel.
The waterway, which separates Iran from the United Arab Emirates (UAE) and Oman, carries roughly one-fifth of the world’s daily oil and liquefied natural gas shipments.
Since the latest wave of hostilities began over the weekend, tanker traffic through the strait has largely stalled, with shipowners reluctant to transit the area amid continued missile attacks and drone strikes.
Energy prices have already surged roughly 15 percent since the conflict intensified. US gasoline prices are beginning to reflect the shock, rising nearly 9 percent in just one week. The average price of a gallon of regular gasoline in the US climbed from US$2.98 before the attacks to about US$3.25, according to AAA.
Financial markets have responded cautiously. Futures for the Dow Jones Industrial Average fell about 0.3 percent ahead of Thursday’s opening bell, while the S&P 500 (INDEXSP:.INX) and Nasdaq Nasdaq Composite (INDEXNASDAQ:.IXIC) futures also edged lower.
If prices remain elevated, analysts warn the surge could complicate the US Federal Reserve’s efforts to tame inflation. Rising energy costs may reduce the likelihood of interest rate cuts this year, keeping borrowing costs higher for longer and potentially slowing economic growth.
"If the strait were to close for an extended period of time, it would be among the greatest supply shocks in history, and the price of oil undoubtedly would escalate well over US$100," analysts from S&P Ratings said in a FocusEconomics update. "Given the importance of the strait and the substantial US military presence in the region, it’s highly doubtful the strait could be closed for an extended period of time.”Continued attacks halt gulf trade
Meanwhile, supply disruptions are intensifying across the Middle East. Shipping data shows tanker traffic through the Strait of Hormuz has dropped dramatically, falling from about 40 vessels per day earlier this year to virtually none in recent days.
Hundreds of oil and gas carriers are now anchored outside the waterway waiting for the security situation to stabilize.
Attacks on commercial shipping have added to the uncertainty. A tanker anchored near Kuwait reported a large explosion on its port side earlier this week. The vessel reportedly suffered a cargo tank leak, although the crew was unharmed.
Other incidents have also been reported. At least nine vessels have come under attack since the conflict began, including tankers targeted by drones and explosive boats in Gulf waters.
Onshore energy infrastructure has also been affected. Several refineries in the region have cut operations or temporarily halted production, while Iraq reportedly reduced oil output by nearly 1.5 million barrels per day after storage capacity filled up when tankers were unable to load cargo.
Liquefied natural gas markets are also facing additional pressure after QatarEnergy halted production earlier this week and declared force majeure on exports. The state-owned firm is one of the world’s largest LNG suppliers, responsible for roughly 20 percent of global shipments.
European natural gas prices have surged in response, rising roughly 50 percent this week amid concerns that supply disruptions could tighten global markets heading into next winter’s storage season.
Despite the escalating crisis, global equity markets have shown signs of stabilizing. Asian stock markets rebounded Thursday after heavy losses earlier in the week, with South Korea’s KOSPI jumping nearly 10 percent and Japan’s Nikkei 225 (INDEXNIKKEI:NI225) gaining about 1.9 percent.
Governments are also scrambling to stabilize shipping lanes. US President Donald Trump said Washington would offer political risk insurance for tankers attempting to pass through the Strait of Hormuz and indicated that U.S. naval forces could escort commercial vessels if necessary.
Insurance markets are also evaluating potential coverage frameworks for ships willing to transit the area, according to Lloyd’s of London.
“The implications for the global economy will depend largely on the duration and severity of the crisis. The real GDP of major advanced and emerging economies is far less dependent on oil than during past crises," Marc-Antoine Dumont, Senior Economist at Desjardins, and Randall Bartlett, Deputy Chief Economist, commented.
"That said, Asia and China remain more exposed to the consequences of a prolonged disruption in Middle Eastern oil supply. On one hand, the US is now a net exporter of petroleum products, and a sustained increase in prices could even have positive spillovers for investment in the resource sector, which has struggled in recent years.”
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
- Moderna to Pay US$950 Million to Settle COVID-19 Vaccine Patent Dispute (2026-03-05)
Moderna (NASDAQ:MRNA) has agreed to pay US$950 million to resolve a long-running patent dispute tied to the technology used in its COVID-19 vaccine.
The pharmaceuticals giant announced it has reached a global settlement with Arbutus Biopharma (NASDAQ:ABUS) and Genevant Sciences GmbH over claims that Moderna’s vaccines infringed patents related to lipid nanoparticle (LNP) delivery technology.
The tiny fat-based particles are used to transport mRNA vaccines into human cells.
Under the agreement, Moderna will make a lump-sum payment of US$950 million in the third quarter of 2026 and will not owe royalties on existing or future vaccines. The settlement resolves all litigation worldwide involving the companies.
The case had centered on allegations that Moderna used LNP technology owned by Arbutus and Genevant in its COVID-19 shot without authorization.
Moderna CEO Stéphane Bancel said the settlement clears the path for the company to focus on its pipeline.
“Resolving this legacy matter from our pandemic response removes uncertainty and allows us to turn our full focus to Moderna’s exciting near-term future,” Bancel said in a company statement.
Moderna also said it will continue pursuing an appeal related to its claim of government-contractor immunity under US law, which could further limit its liability.
If the Federal Circuit Court ultimately rules against the company on that issue, Moderna could be required to make an additional payment of up to US$1.3 billion within 90 days of the decision. The company said it has not recorded any additional charge tied to that possibility because it does not consider the loss probable.
The company expects to record a US$950 million charge in the first quarter of 2026 tied to the settlement payment.
Despite the payout, Moderna said it expects to end 2026 with between US$4.5 billion and US$5 billion in cash and cash equivalents. Including access to its credit facility, the company estimates total available liquidity of between US$5.4 billion and US$5.9 billion.
Investors responded positively to the resolution of the dispute, which analysts said removes a major uncertainty hanging over the company. Shares of Moderna rose by as much as 10 percent in premarket trading after the announcement, while Arbutus shares declined
While the agreement resolves Moderna’s dispute with Arbutus and Genevant, the company remains involved in other intellectual property litigation.
Moderna has ongoing legal claims against Pfizer (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) related to mRNA technology used in competing COVID-19 vaccines.
Don’t forget to follow @INN_LifeScience for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
- BHP: Targeted AI Platforms Boost Efficiency, Safety and More (2026-03-04)
Modern society has a metals problem. The demands of modern consumer culture, the energy transition and the emergence of artificial intelligence (AI) and robotics have created a dilemma.
As demand rises, the supply of many metals is at a bottleneck brought about by a number of factors, from government red tape to civil unrest, as well as lack of capital expenditures leading to fewer new discoveries and mines.
On top of this, mining companies focused on essential metals like copper are facing additional challenges, as in many cases the easy discoveries have already been made and existing mines are seeing declining grades, causing further constraints to supply.
BHP (ASX:BHP,NYSE:BHP,LSE:BHP) Digital Officer Mikko Tepponen suggests that the very technologies that rely on metals and mining can be the answer in his presentation at the 2026 Prospectors and Developers Association of Canada conference.
Addressing data fragmentation in exploration
Once companies open up capital expenditures to the exploration side of the mining sector, several questions arise, most notably: Where are the minerals?
At its core, exploration relies on the geosciences, with a geologist in the field, sampling rocks, conducting surveys and using the data gathered to estimate where the best place is to put a drill for a look below the surface.
Mining is a data-driven enterprise, and depending on the project, the information can come from a range of methods, from modern techniques to historic observations, meaning the data is fragmented across a variety of sources and formats.
AI and machine learning can be good at processing and interpolating large quantities of information. However, data accessibility creates another roadblock.
“Across our industry, vast volumes of exploration data are sealed in archive rooms, and legacy systems can’t read through third-party data sets,” Tepponen said. “That data is neither structured, searchable nor interoperable. That means AI cannot make easy sense of it, and in many cases, that data was never extracted.”
For Tepponen, one of the challenges the mining industry needs to overcome is data fragmentation. Without enough data or proper information, there is an increased risk of making the wrong exploration decisions.
“Time matters because capital is finite. Drill meters are expensive, and decisions about capital allocation have multi-year impacts down the line,” he said.
The way BHP has implemented a data-centric approach is building a central data platform that integrates the decades of exploration data, standardizes it and makes it accessible through a central team within the company.
Tepponen says the platform supports 52 standardized core geoscience types, backed by more than 100 years of data, helping its exploration teams save months of time.
“Our geoscientists can access more than 4 million drill hole cores and 9,000 geophysical surveys through one portal,” he added.
Using BHP's in-house AI extraction tool, one team of geoscientists obtained data from thousands of drill holes from 30,000 legacy document records. They then used the central data platform to combine that with modern drilling data.
According to Tepponen, the team completed the work in a few hours, while doing so manually would have taken months, and results were higher quality than the previous method.
However, he stressed that the integration of AI into its workflow wasn’t about replacing geoscience teams, but about “amplifying the work of geoscientists by creating a digital tool that enables them to focus on higher value.”
Additionally, the information in the platform is not limited to BHP's data. Tepponen explained that the entire system is built on an open-source database designed to break down data silos and enable cross-sector collaboration.
Using targeted optimizations to avoid disruptions
While exploration poses a bottleneck to the development of new projects for future supply, disruptions to existing operations significantly impact current output.
It's often impossible to predict major events like extreme weather, civil unrest or regulatory changes. However, operators can foresee some disruptions that result in hundreds of hours of downtime throughout the industry every year.
Tepponen outlined one persistent problem: oversized rocks and foreign objects making their way through processing plants.
“If an uncrushable rock or piece of metal gets into the crusher, it can cause blockages, damage belts and create significant downtime,” he said. “If it travels downstream, it can damage equipment and create critical bottlenecks.”
In Western Australia, BHP employs a hub-and-spoke model that connects five mines to a central processing facility. If one of the hazards disrupts operations at the facility, it can affect operations at the mines connected to it.
Additionally, fixing these issues exposes maintenance teams to higher-risk tasks, so eliminating the problem in the first place improves both productivity and safety.
Tepponen explained that historically, workers would be used to identify the hazards before they were loaded onto the truck, but once they reached the conveyor, they became much harder to remove.
The company now employs a real-time monitoring system that detects objects, alerts controllers and can automatically stop the conveyor.
“These are actually very simple technologies available commercially off the shelf. Cameras and machine learning control systems applied to a real world operational constraint,” he said.
In the prior three years, these incidents had caused over 1,000 hours of downtime, according to Tepponen. However, since it installed the monitoring system, the company hasn’t experienced any major disruptions or destruction events caused by oversized rocks, a change that he said amounts to hundreds of thousands of metric tons per year of increased processing.
“It’s a small system-level optimization that can deliver outsized returns on the AI journey. This is not a massive program. This is identifying simple constraints, applying proven technology,” he said, and emphasized the process of controlled testing, iteration and then deploying at scale. "That's how systematic innovation actually happens."
Testing scenarios with digital twin simulations
In his third use case example, he turned to BHP's semi-autogenous grinding (SAG) mill at its Escondida operation in Chile, at which differing particle size and hardness in ore feed was impacting production.
The company used AI to create a digital twin of the value chain, which included everything that was known about the operation, such as ore body knowledge, processing behavior and operational constraints.
“That digital simulation enabled scenario testing and gave us the ability to inform blasting and blending strategies to predict granularity,” Tepponen said, noting that monthly production losses attributed to the problem fell by around 70 percent.
“The lesson, when the ore body knowledge is connected directly to the processing decisions, the system becomes more stable and predictable.”
BHP has since applied the approach to other operations, including ones in Australia and Chile.
“The Gen AI integration is multicultural, so non-technical users and the technical users can run scenarios in their first language,” he said, an aspect that he said is very important for the local companies at its operations.
Building foundations, collaboration key to AI usefulness
Tepponen was emphatic that AI alone wasn’t a “superhero.” BHP needed to specifically design these AI platforms in order to achieve these results.
“One of the most important lessons we have learned is we don't actually get value from AI by starting with AI. The value comes from the foundations, consistent data standards, interoperability. You need to start at the bottom and make your way to the top.”
Tepponen also stressed the value of collaboration, noting that companies tend to be protective of their intellectual property, but opportunities are being missed that could be mutually beneficial.
“The hard truth is, no company can solve this problem of data fragmentation and system integration,” he said, and the industry would benefit from a collaborative approach on standards, interoperability and data throughout the value chain.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
- Precious Metals Price Update: Gold, Silver, PGMs Fall on Escalating US-Iran War (2026-03-04)
Precious metals prices are down on potential for economic fallout from escalating US-Iran War.
Volatility has returned to the precious metals market this past week. All eyes are on the breakout of a full-scale war across the Middle East prompted by a coordinated assault on Iran by the United States and its ally Israel. Oil prices are up, which means inflation risks are once again on the minds of Federal Reserve board members as they contemplate upcoming interest rate decisions.
Let’s take a look at what’s got the precious metals moving over the past week.
Gold price
The price of gold is showing remarkable resilience in the face of strong volatility this past seven very eventful days. On Thursday (February 26), the yellow metal managed an intraday high of US$5,200 per ounce, well above the low of US$4,440 per ounce reached in the first few days of February following US President Donald Trump’s nomination of Kevin Warsh, a former Federal Reserve governor, to replace Jerome Powell as the next Fed chair.
Gold continued this upward trend on Friday (February 27) rising to an intraday high of US$5,270 per ounce. Over the weekend, tensions in the Middle East erupted into a full-scale war as the US and Israel launched a massive military campaign targeting multiple locations across Iran. Consequently, Iran quickly escalated the conflict into a large-scale regional war including missile strikes and drone attacks in Israel, Cyprus, the United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Kuwait.
The events lit a fire of safe-haven demand for gold, pushing prices up over US$5,400 per ounce on Monday (March 2). However, the yellow metal just as quickly reversed course on profit-taking and dropped as low as US$5,263 per ounce before recovering to a close of US$5,328 per ounce.
By Tuesday (March 3), the precious metal had lost further ground, following slightly below the psychologically important US$5,000 mark during morning trading, before finishing the day at US$5,088 per ounce.
Gold was trading back up at US$5,195 per ounce early Wednesday morning, as investors sought to buy the dip–a sign that strong confidence remains in the long-term bullish outlook for the metal. Gold closed the day at US$5,145.24 per ounce as investors balance safe-haven demand with the potential for higher interest rates for longer.
Here are the primary drivers for gold this past week:
- Geopolitical conflict in the Middle East remains the primary driver for safe-haven gold this week. Investors once again flocked to safe-haven gold, pushing the precious metal to near-record highs.
- Expected profit-taking brought a healthy correction to the gold market, which contributed to the sharp, short-term drop on Tuesday.
- Investor faith in gold’s long-term value brought on a buy-the-dip sentiment, giving the metal a strong level of support.
- Concerns that rising oil prices as a result of the US-Iran war will lead to increased inflation is likely to place pressure on the Federal Reserve to delay interest rate cuts until later in the year. This takes a bit of the wind out of the sails for gold prices.
- The likelihood of interest rates staying pat for longer strengthened the US Dollar and raised 10-year Treasury yields, both of which are also price negative for gold.
For more insight into key price levels for gold, check out the Investing News Network’s (INN) March interview with Steve Barton, host of In It To Win It.
In other gold news, the World Gold Council reported that for the first time in more than a decade the Bank of Korea will begin investing in overseas-listed physical gold ETFs.
In gold mining sector news, SSR Mining (NASDAQ:SSRM,TSX:SSRM,OTCPL:SSRGF) has agreed to sell its majority stake in the Çöpler gold mine in Turkey for US$1.5 billion in cash.
Silver price
Silver has also experienced a volatile week of trading influenced by geopolitical tensions and concerns over the Fed’s next monetary policy moves.
Still well below its all-time high of more than US$120 per ounce it reached on January 29, 2026. The white metal traded at an intraday high of US$88.95 Thursday (February 26) before surging as high as US$94.14 per ounce the following day.
For Monday (March 2), silver continued higher to reach US$95.71 per ounce in early morning trading. Tracking gold’s decline, silver prices touched as low as US$86.61 that day before recovering to close at US$89.34 per ounce.
Tuesday’s (March 3) dip saw silver sink as low as US$79.734 per ounce in early morning trading before closing up at US$82.05 per ounce. Silver managed to hold on to those gains Wednesday (March 4) to close the trading day at US$83.56 per ounce
As the world’s most electrically and thermally conductive metal, silver is still receiving strong support from industrial demand. The entrenched silver supply deficit also continues to provide a floor of support for the metal’s price.
In silver mining news, major silver producer Fresnillo (LSE:FRES,OTCPL:FNLPF), reported earnings before interest, tax, depreciation, and amortization of US$2.80-billion for the 12 months ended December 31, 2025, up more than 80 percent over the previous year. This allowed the company to payout a total of US$950-million, or 128.92 cents per share, to shareholders for 2025.
Platinum price
Platinum prices were trading well above the US$2,200 mark on Thursday (February 26), reaching as high as US$2287.50 per ounce. Friday brought further gains, with the precious metal pushing up past the US$2,400 per ounce level, although only slightly and very briefly.
However, by Monday (March 2) the price of platinum had slid as low as US$2,291.50 in the morning trade before finishing the day at a four-week high of US$2,325.70 per ounce.Tuesday (March 3) brought further volatility for platinum prices as they sank as low as US$2,015.70 as part of a broader liquidation event in the commodities markets. Yet, platinum managed to swing back slightly above the US$2,100 level by the end of the trading day.
Wednesday (March 4) saw platinum hanging on to those gains and moving upward to close at US$2,165.80 per ounce.
Platinum prices this week were supported by a March 3 report from the World Platinum Investment Council (WPIC) highlighting the fourth consecutive annual platinum market deficit with a 240,000 ounce shortfall expected in 2026. Although that is much lower than the 1.1 million ounce deficit recorded in 2025.
Demand is being driven by the metal’s essential role in the emerging hydrogen economy. The WPIC reports it sees support for platinum will come from a 7 percent rise in hydrogen stationary applications in 2026.
Palladium price
Palladium also succumbed to the downward trend for precious metals prices this past seven days. On Thursday (February 26), palladium retreated from the one-month highs above the US$1,900 level experienced last week to slip as low as US$1,770.50 per ounce in morning trading and struggled to finish the day close to US$1,800 per ounce. Friday found the metal back up to an intraday high of US$1,856.50 per ounce.
On Monday (March 2), palladium lost ground again, dipping to a low of US$1,781 per ounce before closing out the day at US$1,803 per ounce. However, the following day palladium’s price tracked its sister metals in a runaway slide that brought prices to a low of US$1,631 per ounce. By the end of the trading day it had only managed to claw back to US$1,672 per ounce.
After rebounding to US$1,730 per ounce in early morning trading Wednesday, palladium closed out the day at the US$1,700 level.
It seems investors are reassessing palladium's value with a focus on broader economic risks to industrial demand brought about from potential shipping route closures in the Strait of Hormuz.
Market tightness persists due to output disruptions in South Africa and uncertainty over Russian exports, which provide a partial floor for prices.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
- Crypto Market Update: Crypto Markets Rally on Slowing Inflation Reports (2026-03-04)
Here's a quick recap of the crypto landscape for March 4 as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$73,482.70, up by 7.4 percent over the last 24 hours.
CoinGlass data suggests that the current rally is being driven by spot accumulation and a short squeeze. The Perpetual/Spot Volume Ratio at 7.99 shows that spot BTC buying is keeping pace with futures trading, preventing the price from becoming top-heavy.
The current funding rate of -0.02 percent and skewed short liquidations throughout the day indicate that the move above US$73,000 is forcing bearish traders to buy back and provide further fuel for the upside.
Combined with a +1.41 percent rise in open interest, this data confirms that fresh, high-conviction capital is entering the market to support the breakout.
Ether (ETH) was priced at US$2,172.35, up by 9.5 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.46, up by 7.8 percent over 24 hours.
- Solana (SOL) was trading at US$93.58, up by 10.1 percent over 24 hours.
Today's crypto news to know
Morgan Stanley selects Coinbase, BNY Mellon, as BTC EFT custodians
A registration statement for the Morgan Stanley (NYSE:MS) Bitcoin Trust, a spot BTC ETF proposed in January, filed on Wednesday, revealed that the trust's BTC will be held by Coinbase (NASDAQ:COIN), with The BNY Mellon (NYSE:BK) acting as custodians.
The ETF is expected to be listed on NYSE Arca.
MEXC lists 17 new on-chain equity pairs on Ondo Finance
A press release published by crypto exchange MEXC on Tuesday (March 3) details 17 new on-chain US equity pairs listed on Ondo Finance, denominated in USDT. The new listings bring their total offering to 32 tokenized blue-chip stocks and represent a major expansion in the partnership between the two companies.
Each tokenized stock is issued as an ERC-20 smart contract on the Ethereum blockchain. To drive adoption, MEXC is offering zero trading fees for the first 30 days for these new pairs.
Scotiabank-owned Dynamic Funds launches multi-crypto ETF
Today, Dynamic Funds, a Scotiabank-owned division of 1832 Asset Management, announced the launch of the Dynamic Active Multi-Crypto ETF (DXMC) on Cboe Canada, marking a major expansion of institutional crypto access in Canada.
The fund, actively managed by 3iQ, provides diversified exposure to a basket of major crypto assets, currently including BTC, ETH, SOL, and XRP.
The move signals deep institutional maturity and confidence in the asset class, given the direct involvement of Dynamic Funds, an asset management subsidiary wholly owned by Scotiabank. This makes it one of the most direct involvements of creating and managing a multi-asset crypto product by Canada’s “Big Five” banks.
To attract investors, Dynamic has reduced the management fee from 0.45 percent to 0.25 percent until March 1, 2027.
Trump presses banks as crypto legislation fight intensifies
President Donald Trump accused major banks of trying to undermine the administration’s digital-asset agenda in a recent post on Truth Social.
Trump warned that the GENIUS Act and the broader Digital Asset Market Clarity Act must move forward quickly, arguing delays could push the industry overseas. “The U.S. needs to get Market Structure done, ASAP,” Trump wrote, adding that banks should not “hold The Clarity Act hostage.”
The remarks come as lawmakers continue debating stablecoin rules and whether crypto platforms should be allowed to offer yield on token balances—a provision banks strongly oppose.
Industry advocates echoed the urgency.
In an email to the Investing News Network (INN), Ji Hun Kim, CEO of the Crypto Council for Innovation (CCI), said American leadership in digital assets is a “national priority."
"American leadership in digital assets is a national priority and it remains imperative that the U.S. leads. CCI is focused on ensuring that market structure legislation passes and is enacted as soon as possible. We remain committed to working constructively on a path forward on stablecoin rewards."
The White House has framed the GENIUS Act as the first major step toward establishing federal rules for stablecoins, while the Clarity Act would define oversight responsibilities across US crypto markets.
US–UK regulators diverge on path toward tokenized finance
Efforts to coordinate digital-asset rules between the US and Britain are facing friction as regulators disagree on how quickly to test blockchain-based securities, Reuters reported.
The two countries formed a transatlantic task force last year to improve crypto cooperation and reduce barriers for firms operating across both markets. While both sides support closer alignment on stablecoins and digital-asset frameworks, officials differ on how tokenized securities should be introduced.
British regulators favor testing the technology through a regulatory sandbox, which would allow companies to trial products under supervision before wider adoption.
Some US officials, however, have raised concerns that the sandbox approach could slow innovation and limit commercial viability. Instead, the US Securities and Exchange Commission (SEC) is reportedly exploring “exemptive relief,” a model that would allow certain projects to proceed with fewer restrictions.
Bitcoin climbs past US$71,000
Bitcoin rallied past $71,000 this week—its highest level in roughly three weeks— a gain of nearly 9 percent over the week.
The surge triggered more than US$430 million in liquidations across crypto derivatives markets, with Bitcoin and Ether positions accounting for roughly two-thirds of the total.
Analysts say the move appears linked to macro instability rather than purely crypto-specific catalysts.
ETF flows have also shown signs of improvement, suggesting some institutional investors are stepping back into the market after weeks of redemptions.
Still, sentiment remains fragile with the Crypto Fear and Greed Index hovering near 10, a level associated with “extreme fear.”
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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