Live updates: Bitcoin holds $62,600 as the Iran conflict reignites and CPI looms
CoinDesk·
60-second summary
Bitcoin holds steady at $62,600 as the Iran conflict reignites, with the US reinstating the Hormuz blockade, sending oil prices soaring and rate-hike bets surging, reversing the peace trade that helped bitcoin recover in early July. The market now awaits today's inflation print, a crucial test for the economy and potential catalyst for rate hikes, impacting bitcoin's trajectory.
Trump reinstated the Hormuz blockade, sending oil higher and rate-hike bets up, reversing the peace trade that helped bitcoin recover in early July. Today's inflation print is the next test.