Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1
60-second summary
Bitcoin remains stuck below $65,000 as hopes for a Hormuz relief trade evaporate, while XRP teeters on the brink of dropping below $1. Trump's demand for 50 years of Iranian compensation has pushed oil prices back to $89, leaving crypto and equities unchanged ahead of a pivotal CPI report, which could have significant market implications for investors.
The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities unchanged ahead of a pivotal CPI report.