Bitcoin traded at $69,500 mid-morning in Europe after giving up Tuesday’s gains following a rejection at $71,750.
The largest cryptocurrency dropped 0.55% since midnight UTC, a loss dwarfed by several altcoins, with zcash (ZEC) and aave falling by 4.5% and 2.1%, respectively.
Gold and the dollar are little changed, while U.S. stock index futures added 0.15%.
The price action is still being dictated by the U.S.-Israel war with Iran, which continues to rage even after conflicting comments from U.S. President Donald Trump on Tuesday.
Oil remained volatile as a result, falling to as low as $81 per barrel on Tuesday before bouncing back to $89 during the European session on Wednesday.
Derivatives positioning
- Bitcoin’s…
