World · Market · Global ·
Bitcoin holds at $64,000 as global equities hit records on Hormuz deal hopes
Bitcoin traded near $64,000 as the S&P 500 index reached a record $70 trillion market cap on prospects that the Strait of Hormuz would reopen to oil traffic. The broader equity rally came as Brent crude fell toward deal levels, reducing inflation risk.
Why it matters for the crypto market
Bitcoin and crypto markets often move with equities when macro risk sentiment shifts; a major geopolitical de-escalation and equity strength set the broader backdrop for crypto trading.
Source: CoinDesk
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