Crypto steadies as Iran-U.S. pause sends oil tumbling, lifts risk assets
CoinDesk·
60-second summary
Brent crude is plummeting 7% after the U.S. and Iran temporarily pause Strait of Hormuz strikes, sending oil prices sharply lower, while risk assets such as equities and DeFi tokens are rising, with bitcoin holding steady near $65,000 ahead of a pivotal Federal Reserve decision on Wednesday, potentially boosting cryptocurrency prices further.
Brent crude plunged 7% after the U.S. and Iran paused Strait of Hormuz strikes, lifting equities and DeFi tokens while bitcoin held near $65,000 ahead of a pivotal Fed decision Wednesday.