Bitcoin (BTC) stretched its rally to 3.5% in the past 24 hours, sending the BTC/USD pair to a new all-time high above $109,400 on Wednesday. Although the BTC/USDT pair is yet to reach new heights on crypto exchange Binance.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the Asian trading hours on Wednesday. The WTI price surges after CNN reported that US intelligence suggests Israel is making preparations to possibly strike Iranian nuclear facilities.
The USD/CAD pair extended its decline to near 1.3910 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) amid renewed concerns over the US economy. Traders will keep an eye on the speech from the Federal Reserve’s (Fed) Thomas I.