Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets
BTC rose to $65,209 and Nasdaq 100 index futures gained 0.45% on reports that Iran may strike a deal with Oman to reopen the Strait of Hormuz.
Source: CoinDesk
―
DW NOTE
The Hormuz draft deal has been awaiting Supreme Leader approval since August 6. That's not easing — that's waiting. Bitcoin is tracking Nasdaq futures, which moved on speculation, not certainty. The strait has been closed for 131 days; 2,000 ships are still stranded. Oil is down 7.7% this week despite that backdrop, which tells you the market priced in reopening before Iran signed anything.