Bitcoin is back above $65,000 as U.S. and Iran hold fire. Oil drops 5%
ETH outperforms BTC, hinting at potential altcoin rally, as the U.S. and Iran hold fire and oil drops.
Source: CoinDesk
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DW NOTE
The oil draw is real — WTI down 5% to $85 — but treating bitcoin's move above $65,000 as a risk-on peace trade overstates the case. ETH up 3% while BTC manages 1.2% suggests sector rotation within crypto, not broad relief buying. If this were a genuine peace premium, energy would be collapsing further and the S&P would be doing more than half a percent.