Markets

In brief Iran’s foreign minister met with Russian officials in Moscow as diplomatic backchannels reopened following weekend strikes. Pav Hundal of Swyftx said elevated volumes reflect deep trader uncertainty, calling the initial sell-off part of crypto’s “volatile DNA.” Oil and gold both pulled back from intraday highs, reinforcing market expectations that broader escalation remains unlikely. […]

Key Takeaways Bitcoin price dropped as Iran’s Parliament approved the closure of the Strait of Hormuz, heightening fears of oil supply shocks and global inflation. A prolonged closure of the strait could drive oil above $100 per barrel, impacting global GDP, inflation, and crypto markets. Share this article The price of Bitcoin fell from nearly

In brief Crypto prices tanked Sunday morning after the U.S. conducted strikes on three Iranian nuclear facilities. Ethereum led the selloff among the top 20 cryptocurrencies by market cap, dropping 7.4% on the day. Users on prediction market Myriad turned bearish on Ethereum, with over 70% expecting it to close out the year below $2,000.

Key Takeaways Federal Reserve Governor Waller supports a possible interest rate cut as soon as July. Current futures markets indicate traders expect a rate cut later, most likely in September. Share this article Fed Governor Christopher Waller has shown support for an interest rate cut in July, saying that inflation is no longer a major