Bitcoin stalled below $65,000 as hopes for a Strait of Hormuz resolution vanished, pushing oil to $89. Trump's demand for 50 years of Iranian compensation killed the relief trade. Now, all eyes are on Wednesday's CPI.
XRP feels the heat, flirting with a drop below $1 as futures open interest grows.
The Hormuz narrative was a weak catalyst, quickly overridden by geopolitics. Strategy's continued BTC sales since June add to the downside. The market waits for CPI, with equities flat and crypto largely unchanged.
XRP at $1.01. Lose $1.00, and a deeper correction opens.
$XRP $BTC
XRP feels the heat, flirting with a drop below $1 as futures open interest grows.
The Hormuz narrative was a weak catalyst, quickly overridden by geopolitics. Strategy's continued BTC sales since June add to the downside. The market waits for CPI, with equities flat and crypto largely unchanged.
XRP at $1.01. Lose $1.00, and a deeper correction opens.
$XRP $BTC