📰 CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin is holding just under $85k this morning, and the reason is pretty simple — Treasury yields finally backed off their multi-decade highs, which takes some heat off risk assets across the board. Toss in oil sliding on reports of a phased US-Iran deal and you get a calmer macro backdrop, though nobody's popping champagne yet. The wildcard is Friday's Deribit expiry, roughly $14 billion in BTC options, so dealers will be hedging around the big strikes and price can get twitchy into the close. Watch OIL closely — any hint the Iran deal stalls and crude rips higher, dragging risk sentiment down with it. XAU is the tell on whether this yield retreat is real or just a pause.
$BTC $OIL $XAU
#CryptoNews #Markets
Bitcoin is holding just under $85k this morning, and the reason is pretty simple — Treasury yields finally backed off their multi-decade highs, which takes some heat off risk assets across the board. Toss in oil sliding on reports of a phased US-Iran deal and you get a calmer macro backdrop, though nobody's popping champagne yet. The wildcard is Friday's Deribit expiry, roughly $14 billion in BTC options, so dealers will be hedging around the big strikes and price can get twitchy into the close. Watch OIL closely — any hint the Iran deal stalls and crude rips higher, dragging risk sentiment down with it. XAU is the tell on whether this yield retreat is real or just a pause.
$BTC $OIL $XAU
#CryptoNews #Markets