- Expectations for a peace deal between the US and Iran lifted global stocks and copper prices while pushing international oil prices lower, but the cryptocurrency market reacted only modestly.
- Bitcoin and Ether have recovered somewhat from their early-June slump, and open interest (OI) and the basis have risen, but there is still no clear buying demand or strong sign of a trend recovery.
- Markets said the final signing of a US-Iran agreement, the implementation of a reopening of the Strait of Hormuz, and whether Bitcoin breaks above $66,000 will be the key inflection points for crypto’s short-term direction.
Forecast Trend Report by Period
Expectations for a peace agreement…
