Global #crypto markets

Crypto markets saw a quiet start to the week, trading sideways with Bitcoin (BTC) holding near $115,000 and Ether (ETH) above $4,200.

Crypto markets have entered a sharp downturn, with Bitcoin (BTC), Ethereum (ETH), and XRP all experiencing significant drops. Bitcoin fell from nearly $120,000 to $113,411, a 5.6% decline from its recent high.

As geopolitical tensions escalated over the weekend — with the U.S. striking three Iranian nuclear facilities, Iran retaliating on Monday, President Donald Trump announcing a ceasefire, and Israel subsequently launching an attack on Tehran — investors are once again questioning how global events ripple through the crypto markets.

Wintermute, a leading algorithmic trading firm, has become the first platform to offer over-the-counter (OTC) trading for BUIDL tokens.

Bitcoin's price has dropped to its lowest level since late November, dampening hopes for a "Santa Claus rally."

This week has been a whirlwind of activity across both the US and cryptocurrency markets, bringing significant shifts and unexpected developments.