Daily Market Update: Bitcoin Hits $64K as Stock Futures Drop on Iran Oil Fears
TLDR
- Bitcoin climbed above $64,000, the only major crypto to post a daily gain
- Most altcoins fell, with XRP dropping over 1% and sitting down 2% on the week
- Bitcoin miners have cut computing power by 21% over three quarters to shift toward AI
- Venice’s VVV token rose 10% after the company reported $100 million in annualised revenue
- U.S. stock futures fell after Wall Street dropped, driven by rising oil prices tied to U.S.-Iran tensions
Bitcoin pushed above $64,000 on Tuesday, rising over 1% on the day. It was the only major cryptocurrency to post a meaningful daily gain as most of the market drifted lower.
Ether slipped half a percent to just under $1,900. XRP fell over 1% to just under $1 and is down more than 2% on the week, making it the weakest performer among large tokens.
Dogecoin dropped nearly half a percent to 7 cents. BNB and Tron both edged lower, while Solana held flat at just under $76.
Hyperliquid’s HYPE stood out among smaller tokens, up almost 1% on the day and 7.5% over seven days.
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