Geopolitical Relief Sparks Bitcoin and EURUSD Squeeze as Tech Lags

The broader market is pivoting on geopolitical relief today. Reports of a preliminary US-Iran peace deal have acted as a massive pressure release valve, triggering a sharp plunge in oil prices and broad de-escalation of global risk [1][2]. This environment is heavily punishing the US dollar, which has allowed risk-on assets like the Euro and Bitcoin to catch a strong bid [3][4]. Meanwhile, the technology sector is splintering rather than moving as a monolith. While the macro backdrop looks supportive, AI darlings are facing gravity. Microsoft is actively dealing with AI return-on-investment concerns and internal restructuring rumors regarding an Xbox spin-off