Oil futures have surged to around $120 per barrel amid the escalating US and Israel-Iran war, disrupting key supply routes and sending shockwaves through global markets.
About Nancy Lubale
Nancy has seven years’ experience writing news coverage within the finance, stocks, Forex, cryptocurrency, NFT, blockchain tech, and investing fields. Nancy holds a master’s degree from the University of Surrey in the UK and a BSc. from Moi University, Kenya.
Nancy’s work has recently been published on several crypto websites including Cointelegraph and Analytic Insights. She has also written for Kraken and is a co-founder of Ermofi.com. Nancy’s personal interests lie in market research and technical analysis, DeFi, NFTs and on-chain data analysis. Nancy many market insights and crypto price predictions on Twitter.
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Ether (ETH) is bullish on Tuesday in line with the wider cryptocurrency market, with its price rising to around $2,000, up 3% over the last 24 hours, amid escalating geopolitical tensions in the Middle East.
Bitcoin (BTC) is down by 4% over the last 24 hours, dropping to as low as $62,700 during the early Asian trading hours on Tuesday.
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Solana has fallen 39% over the past 30 days, sliding to a two-year low of $67. The drop was accompanied by a sharp decline in futures activity, with Solana’s open interest falling by more than $3.7 billion over the same period.
The cryptocurrency market suffered a brutal selloff over the weekend, as Bitcoin and Ether prices plunged amid cascading liquidations and macro pressures.
Bitcoin’s decline, erasing billions in market value, underscores the cryptocurrency's vulnerability to macroeconomic and geopolitical pressures in early 2026.
Ethereum network activity has surged to record levels, with low fees and institutional ETF inflows supporting a bullish setup targeting $4,500 in the near term.
Hopes for a classic altseason, where alternative coins massively outperform Bitcoin, appear increasingly dim for 2026.
Bitcoin is setting up for a potential Santa Rally as bullish derivatives positioning, strong technical signals, and holiday liquidity point toward a $100K breakout.
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More than half a billion in leveraged crypto positions were liquidated across the crypto market on Tuesday as the price of Bitcoin dropped to $85,000 amid a broader market tumble. XRP prices posted the largest 24-hour losses among the top ten cryptocurrencies by market capitalization.
Bitcoin (BTC) clawed its way back above the $90,000 mark on Monday, marking a pivotal moment in what could be a defining moment for the next leg up.
Ether’s (ETH) price has plunged below $3,000, erasing last week’s gains and heightening fears of a deeper correction.
