The cryptocurrency saw its largest single-day percentage increase since February 25, pushing its market capitalization above $6.3 billion amid a broader, but more modest, rally in digital assets.
China has reportedly instructed major refiners to sustain high fuel production levels to safeguard domestic supplies against potential disruptions from escalating U.S.-Iran conflict in the Persian Gulf.
Bitcoin is trading in a tight range as it confronts a significant resistance zone near $64,700, with technical indicators pointing to an imminent spike in volatility but also warning of a potential 'bull trap'.
Bitcoin fell more than 2% as escalating military conflict between the U.S. and Iran triggered a flight from risk assets, while minutes from the Federal Reserve's latest meeting revealed a divided outlook on interest rates.
The leading cryptocurrency recovered from earlier weekly lows as a U.S. ban on a central bank digital currency is set to become law and stablecoin issuer Circle received a key federal banking approval.
The U.S. dollar was little changed on Monday, stabilizing after its worst session since late April, as investors turned their attention to the Federal Reserve's upcoming meeting minutes for signals on future monetary policy.
A U.S. bankruptcy judge ruled that California cannot seek monetary damages from the successor to 23andMe, citing the company's Chapter 11 reorganization plan. The decision is a setback for the state's lawsuit over the 2023 data breach affecting 6.9 million customers.
Brazilian equities rallied sharply on Friday, with the Bovespa index closing up 2.97% to reach its highest level in a month, driven by strong performances in the financial, utilities, and real estate sectors.
Canada's benchmark stock index closed higher on Friday, lifted by gains in the consumer discretionary, consumer staples, and financials sectors, while market volatility fell to a three-month low.
