Iran has launched widespread missile and drone attacks on U.S. facilities across multiple Gulf states and announced the closure of the Strait of Hormuz, a critical oil chokepoint, following retaliatory U.S. airstrikes.
Bitcoin fell over 2% as escalating military conflict between the U.S. and Iran triggered a risk-off move in markets, while minutes from the Federal Reserve's June meeting signaled ongoing concerns about inflation.
According to a Standard Chartered analyst, a pivot in the Bitcoin strategy of major corporate holder Strategy (formerly MicroStrategy) is causing short-term market noise, though the bank maintains its long-term price forecast.
The world's largest cryptocurrency is poised for a weekly gain as easing geopolitical tensions and a strong performance in the technology sector boost investor risk appetite.
Bitcoin remained stable over the weekend, trading above the $64,000 mark as investors showed little reaction to geopolitical tensions after U.S. officials confirmed the Strait of Hormuz remains open for shipping.
The South Korean carrier's operating profit declined to 261.8 billion won despite a record 5.02 trillion won in revenue, as soaring fuel expenses weighed on its bottom line.
UBS has started coverage on the Indian online auto marketplace with a ₹4,000 price target, forecasting earnings growth to significantly outpace consensus estimates due to its high-margin business and untapped opportunities at its OLX India unit.
Shares in the UK telecom giant jumped after an investment firm controlled by French billionaire Xavier Niel agreed to acquire a 16.2% holding from e& at a significant premium, making him the largest individual shareholder.
UBS has initiated coverage on CarTrade Tech with a 'Buy' rating and a ₹4,000 price target, arguing that the market underestimates the earnings potential of its asset-light business model and its OLX India platform.
