World · Market · Global ·
Bitcoin steadies above $65,000 as Strait of Hormuz tensions ease
Bitcoin rose to $65,209 alongside broader risk-asset gains as reports emerged that Iran may strike a deal with Oman to reopen the Strait of Hormuz, easing geopolitical tensions that had pressured energy and equity markets. Nasdaq 100 index futures gained 0.45% on the same news.
Why it matters for the crypto market
Macroeconomic relief from a critical global chokepoint reduces inflation fears and lifts risk appetite, supporting crypto as a risk asset.
Source: CoinDesk
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