Crypto markets held relatively firm after the U.S. and Iran paused strikes tied to the Strait of Hormuz, a move that sent Brent crude down 7% and lifted broader risk assets. According to CoinDesk, equities and DeFi tokens moved higher as oil fell, while bitcoin traded near $65,000. The market backdrop comes just ahead of a closely watched Federal Reserve decision scheduled for Wednesday. The report frames bitcoin as comparatively stable versus the sharper moves seen in oil and other risk-sensitive assets. The article was written by Oliver Knight and Omkar Godbole and edited by Sheldon Reback.
Crypto markets were steady after the U.S. and Iran paused strikes involving the Strait of Hormuz, a development that pushed Brent crude down 7% and lifted risk assets. Equities and DeFi tokens moved higher, while bitcoin held near $65,000 ahead of a key Federal Reserve decision on Wednesday.
Oil drops as markets shift back toward risk
CoinDesk said the pause between the U.S. and Iran led to a sharp move lower in oil prices, with Brent crude falling 7%. That move helped support equities and DeFi tokens, while bitcoin traded in a tighter range.
Fed decision now in focus
Bitcoin was holding near $65,000 as traders looked ahead to Wednesday's Fed decision, which the report described as pivotal. The piece was written by Oliver Knight and Omkar Godbole and edited by Sheldon Reback.
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