Live updates: Bitcoin stuck in tight range as risk assets rise on Iran deal hopes
Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998. Bitget Wallet’s Alvin Kan says it can slow a disorderly slide without reversing the broader trend.
Source: CoinDesk
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DW NOTE
Treasury Secretary Scott Bessent floated a Hormuz reopening deal on CNBC while the strait remains 90% closed six months into the blockade and 2,000 ships sit stranded in minefields. Markets have heard this before — the June 17 ceasefire lasted three weeks before collapsing. Oil down 3% says traders are pricing in hope; bitcoin unmoved at $64k says they remember how the last one ended.