- Bitcoin and other major cryptocurrencies declined as renewed U.S.-Iran airstrikes pushed oil prices higher, prompting a risk-off move across markets.
- Kraken is pursuing a full banking license in Europe, targeting Lithuania, which would position it uniquely among crypto exchanges.
- BlackRock-backed Securitize shares slid sharply post-SPAC debut despite the ongoing tokenization boom.
Bitcoin came under pressure Tuesday as escalating tensions between the U.S. and Iran drove oil prices higher, reinforcing a broader retreat from risk assets. Major cryptocurrencies traded in the red, with BTC declining around 1-2% over 24 hours amid renewed geopolitical uncertainty.
According to multiple reports, renewed U.S. airstrikes on Iran lifted Brent crude prices, contributing to a risk-off sentiment that weighed on equities and digital assets alike. Bitcoin hovered near $62,000-$63,000, having faced selling pressure as investors shifted toward safe havens.
The move follows a period of relative stability, with crypto markets sensitive to macro developments including energy prices and global risk appetite. Ethereum and other majors followed a similar trajectory, posting modest losses while holding longer-term gains from recent weeks.
In other news, crypto exchange Kraken is advancing plans to secure a full banking license in Europe, with a focus on Lithuania. If approved, it would enable expanded services and mark a significant step in its regulatory strategy, following paths taken by firms like Revolut.
Meanwhile, BlackRock-backed tokenization platform Securitize experienced a sharp post-debut decline of around 40% after its SPAC listing on the NYSE, despite broader momentum in real-world asset (RWA) tokenization. The company had raised approximately $400 million in the deal.
Analysts note that while tokenization continues to gain traction—with platforms bridging traditional finance and blockchain—public market debuts for crypto-related firms remain volatile, reflecting investor caution amid macroeconomic headwinds.
Market participants are closely watching developments in the Middle East, as any sustained escalation could further influence oil-dependent risk sentiment. On-chain data and ETF flows will provide additional signals on whether the current dip attracts buyers or extends the consolidation.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
