Markets react to Strait of Hormuz tensions
US indices pulled back after the open, while commodities moved higher as several shipping companies began rerouting vessels around the Strait of Hormuz.
Gold, silver and copper are correcting despite the broader commodity bid. $BTC dipped slightly to $66,500, but is still up 5% over the past week.
Donald Trump said the time for negotiations with Iran has passed, hinting at potential escalation. Earlier, timelines of a few weeks were mentioned for resolving the conflict
US indices pulled back after the open, while commodities moved higher as several shipping companies began rerouting vessels around the Strait of Hormuz.
Gold, silver and copper are correcting despite the broader commodity bid. $BTC dipped slightly to $66,500, but is still up 5% over the past week.
Donald Trump said the time for negotiations with Iran has passed, hinting at potential escalation. Earlier, timelines of a few weeks were mentioned for resolving the conflict
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What do you think will happen to the crypto market today?
Anonymous Poll
94%
Bullish ❇️
6%
Bearish 💢
🎛 NYSE owner invests in OKX at $25B valuation
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has invested in crypto exchange OKX at a $25B valuation.
📈 Following the news, OKB jumped about 55%.
The partnership focuses on launching tokenized trading of NYSE stocks and derivatives on OKX, expected in Q2 2026. ICE will also begin using OKX crypto market data.
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has invested in crypto exchange OKX at a $25B valuation.
📈 Following the news, OKB jumped about 55%.
The partnership focuses on launching tokenized trading of NYSE stocks and derivatives on OKX, expected in Q2 2026. ICE will also begin using OKX crypto market data.
📈 Crypto funding rates rival microloans
Funding on some crypto exchanges is reaching levels that look closer to microfinance than markets.
Example: trying to buy oil perps on Hyperliquid shows limited liquidity.
On Gate, oil exposure exists only through perpetuals, with funding around 0.8% per hour, which annualizes to roughly 6,500%.
Leverage is easy to get. Carry is another story.
Funding on some crypto exchanges is reaching levels that look closer to microfinance than markets.
Example: trying to buy oil perps on Hyperliquid shows limited liquidity.
On Gate, oil exposure exists only through perpetuals, with funding around 0.8% per hour, which annualizes to roughly 6,500%.
Leverage is easy to get. Carry is another story.
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📊 Market Overview:
BTC : $67308
ETH : $1945.82
BNB : $619.24
SOL : $82.31
📈 Market Cap :
Total : 2.38T
DeFi : 77.44B
24hr Vol : 65.94B
⚡ Sentiment :
FGI : Extreme Fear (12)
Open Interest : 43.93B
24h Liquidation : $199.5M
BTC : $67308
ETH : $1945.82
BNB : $619.24
SOL : $82.31
📈 Market Cap :
Total : 2.38T
DeFi : 77.44B
24hr Vol : 65.94B
⚡ Sentiment :
FGI : Extreme Fear (12)
Open Interest : 43.93B
24h Liquidation : $199.5M
BREAKING: Brent Crude oil rises to $100 for the first time since November 2022.
⛏️ Bitcoin mining turns unprofitable at current prices
As of March 23, the average cost to mine 1 BTC is above $82K, while price sits near $69K, putting miners at roughly a 15% loss per block.
Higher energy costs, partly driven by rising oil prices, are squeezing margins. Some miners are shutting down equipment and selling more BTC to cover expenses.
Lower hash rate and forced selling add pressure on price.
As of March 23, the average cost to mine 1 BTC is above $82K, while price sits near $69K, putting miners at roughly a 15% loss per block.
Higher energy costs, partly driven by rising oil prices, are squeezing margins. Some miners are shutting down equipment and selling more BTC to cover expenses.
Lower hash rate and forced selling add pressure on price.
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