Finance

The price of Bitcoin stabilized around the $78,500 to $79,000 range following a powerful 23% rally over the preceding seven days that saw it clear $80,000 for the first time since May. The significant upswing was heavily fueled by institutional inflows exceeding $3 billion into spot ETFs and a surprise decision from the U.S. Treasury Department to amplify its long-term bond buyback program. Despite minor profit-taking causing a brief standstill, derivatives data signals continued short-term consolidation rather than a trend reversal.

Crude oil futures extended losses for consecutive sessions as geopolitical risk premiums continued to unwind. Selling pressure accelerated following news that Iran had advanced diplomatic discussions with Oman and Qatar to normalize commercial shipping routes and potentially share revenue through the strategic Strait of Hormuz. West Texas Intermediate futures fell toward the $81 per barrel mark, while Brent crude dropped below $86, significantly tempering fears of Middle Eastern supply disruptions.

Gold futures pulled back by nearly 1% to slide below the psychologically important $4,700 threshold after an active multi-day rally. Profit-taking limited further gains after the precious metal approached its highest pricing tier in over three months. Analysts note that while bullion saw a minor retracement on steadying inflation data, the metal continues to maintain strong long-term momentum bolstered by persistent concerns regarding domestic sovereign debt and monetary policy directions.