Bitcoin retreated from a six-week high after a broader risk-off move swept across global financial markets amid growing concern of an escalation in the conflict in the Middle East. https://t.co/iTyrDfD9LL ...

Core Insights - The ongoing tensions between the US, Israel, and Iran have led to increased trading activity in commodities and traditional asset classes on crypto exchanges, particularly Hyperliquid, as traders seek 24/7 hedging options [2][6]. Group 1: Market Movements - Perpetual swap futures tied to oil increased by approximately 6.2% to $70.6 per barrel, while gold and silver futures rose more than 5% and 8% to $5,464 and $97.5 per troy ounce, respectively [3]. - Silver saw the highest trading volume among commodities on Hyperliquid, with over $400 million traded in the past 24 hours, while gold contracts had nearly $140 million in trading volume [5]. Group 2: Cryptocurrency Impact - The Iran conflict triggered a significant risk-off sentiment in the cryptocurrency market, with Bitcoin dropping as much as 3.8% to $63,038 and Ether falling by 4.5% to $1,836, resulting in a total loss of approximately $128 billion in digital asset value [4]. - Bitcoin's continuous trading availability made it a preferred asset for traders looking to hedge against market volatility, highlighting its role as a proxy for broader market risks [7]. Group 3: Trading Dynamics - Perpetual contracts, or perps, are gaining popularity as they allow traders to maintain leveraged positions without expiration, facilitating macro views without delays from clearinghouses [6]. - The shift towards 24/7 trading for various asset classes, including commodities, is seen as a structural improvement for market efficiency, as noted by industry experts [7].

Affirm Holdings Inc (NASDAQ:AFRM) traded lower on Thursday as investors positioned ahead of the company’s second-quarter fiscal 2026 earnings report scheduled for release after the market close.Earnings ExpectationsAnalysts expect Affirm Holdings to report earnings per share of $0.61 for the quarter, according to consensus estimates. The buy now, pay later provider will release results following Thursday’s closing bell.Market Pressure Weighs On Tech NamesThe stock’s decline comes amid a broader sell-off in ...