
Bitcoin Reclaims $60,000 After 14% Quarterly Loss Amid Record ETF Outflows
The cryptocurrency recovered after hitting a 22-month low, but faces significant headwinds from record-setting institutional outflows and a hawkish Federal Reserve.

The cryptocurrency recovered after hitting a 22-month low, but faces significant headwinds from record-setting institutional outflows and a hawkish Federal Reserve.

Claudio Descalzi, CEO of Italian energy major Eni, has warned that ongoing conflict in the Middle East could push crude oil prices above $100 per barrel by early 2027, citing dwindling global inventories and the finite nature of strategic reserves.

The cryptocurrency EOS experienced its largest single-day percentage loss since July 4, falling over 15% while major digital assets like Bitcoin and Ethereum posted gains.

Cardano (ADA) experienced its largest single-day percentage gain since February 25, rising over 10% and pushing its market capitalization above $6.3 billion amid a broader, but more modest, crypto market uptrend.

The leading cryptocurrency rose on Monday after U.S. President Donald Trump called himself a 'big crypto guy,' counteracting negative sentiment from a $216 million Bitcoin sale by corporate holder MicroStrategy.

Bitcoin traded above the $62,000 mark as investors weighed renewed legislative momentum for the CLARITY Act in the U.S. and ongoing institutional support, contrasted by the sharp decline of speculative meme coins.

Crypto derivatives exchange Deribit and trading software provider SignalPlus have announced their largest joint trading competition, offering up to $600,000 USDC in prizes to drive volume in options and futures.

The British pound traded in a narrow range against the U.S. dollar on Monday, as currency markets looked past soft U.S. jobs data and focused on expectations for a hawkish tone from the Federal Reserve's upcoming policy meeting minutes.

The U.S. dollar was little changed on Monday, consolidating after its worst session in over two months as traders assessed the Federal Reserve's policy outlook ahead of key meeting minutes.