Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise
CoinDesk·
60-second summary
Bitcoin remains near $64,000 as investors test its resilience amidst rising oil prices following Iran's retaliatory strikes, with oil surging 8% overnight. The Dow plummeted 2.2% and the Nasdaq hit a three-month low, while the Fed's hawkish signals suggest interest rates could still rise, potentially weighing on crypto markets and investors' sentiment.
Bitcoin held near $64,000 despite the Fed's hawkish split, Iranian ballistic missiles and an 8% surge in oil overnight that sent the Dow down 2.2% and the Nasdaq to a three-month low.