spot market

Indian Oil Corp purchased a record share of its crude oil from the spot market during the April-June quarter due to the US-Iran conflict disrupting Middle East supplies. The company is adjusting its procurement strategies amid geopolitical tensions.

Bitcoin has gained 6% weekly as buyers return to spot, futures, and ETF markets. However, geopolitical headwinds pose a risk to recent progress.

Colombia buys dollars in the spot market ahead of a swap payment. The country's central bank is taking steps to manage its currency. This move aims to stabilize the exchange rate.

Bitcoin failed to break above $79,000, forming a potential bear trap as $1.4 billion in short positions face liquidation at $80,000. The article questions whether spot market demand will trigger this price movement.

Pakistan has purchased liquefied natural gas (LNG) from the spot market to alleviate an energy shortage. The ship-to-ship operation is taking place at an LNG terminal in Karachi, Pakistan.

The article highlights the expiration of $9.8 billion in Bitcoin (BTC) and Ethereum (ETH) options, signaling a shift in market focus toward spot drivers influencing cryptocurrency prices. This event underscores the importance of underlying market factors over derivatives activity.

Pakistan is urgently purchasing LNG from the spot market to address a gas shortage, but tankers intended for delivery have been turned away from Hormuz and remain stranded in the Persian Gulf, according to ship-tracking data.

Analysts identify three key factors for Bitcoin to maintain highs above $76,000: reclaiming the price level, sustained spot market buy volume, and consistent inflows to Bitcoin ETFs. These components are seen as essential for a potential rally to new highs.