Crypto World
bitcoin on sidelines as markets surge on Iran peace hopes
Markets have been rugged numerous times over the past weeks on supposed Middle East peace deals, but President Trump’s Saturday announcement of a coming agreement for the moment continues to have legs.
Oil prices and bond yields are sharply lower in response, and that’s helping stocks, where the Nasdaq has surged 1.4% in Tuesday morning trade.
Crypto, though, is watching from the sidelines as traders shovel capital into AI-related trades and await mega-IPOs like SpaceX and OpenAI.
After briefly attempting to rally, bitcoin (BTC) is changing hands at $76,800, down nearly 1% over the past 24 hours. Ether (ETH), solana (SOL) and XRP (XRP) are down similarly.
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