Gate News Report, March 11 — Wintermute released a market update yesterday indicating that the Middle East conflict has entered its second week with no signs of easing. Brent crude oil has risen 26% this week, and the market currently expects only one rate cut in 2026. Against this backdrop, cryptocurrencies have performed well, with Bitcoin up 0.4% for the week, while stocks, bonds, and gold all declined. The report suggests that, over a 12-18 month cycle, Bitcoin’s current price levels are quite attractive, although buyer interest could extend from current levels down to the $50,000 low. The crypto market shows relative resilience, with leverage at about half of its peak, fewer marginal sellers, and most deleveraging processes essentially complete. The report states that if correlations continue to break down, the gap between prices and ongoing industry adoption news may start to close.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
