Crypto markets were little changed Friday, with the CoinDesk 20 Index (CD20) virtually unchanged. Bitcoin has gained just 0.8% since midnight UTC and ether (ETH) added less than 0.1%.
Crude oil prices dropped below $100 on Thursday and were recently trading at $96 per barrel as the U.S. was said to be assessing whether it should release sanctioned Iranian oil to increase supply and reduce pressure on prices.
This gave a momentary boost to risk assets with U.S. equities showing signs of recovery, but that move has now reversed. Nasdaq 100 and S&P 500 futures are down by 0.6% and 0.4%, respectively, since midnight, indicating continued market fragility.
Precious metals are now trading back in line with crypto after a ferocious…
