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Bitcoin (BTCUSD) Soars as US-Iran Peace Deal Sparks Fed Rate Cut Hopes

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • The signing of the Islamabad declaration between the US and Iran has reopened the Strait of Hormuz, lowering oil prices and inflation expectations.
  • This has boosted hopes for a Federal Reserve rate cut, triggering $246 million in crypto short liquidations and driving Bitcoin's price up to $65,480.
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BTCUSD price history

77083.83 +14.28% over the displayed period

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