business
Middle East ceasfire, Fed interest-rate decision: Crypto Week Ahead
Key takeaways
- Crypto traders will hope the week offers a reprieve to months of geopolitical anxiety that has stifled risk assets following Sunday's announcement of an interim peace deal between the U.S. and Iran.
- Bitcoin climbed to nearly $66,000 on Monday, almost 3.5% above Friday's level, while cryptocurrency-linked equities including Strategy (MSTR) and Galaxy (GLXY) advanced in pre-market trading.
- A ceasefire in April fell apart, and U.S. strikes broke another truce last month, with crypto prices taking a hit.
Crypto traders will hope the week offers a reprieve to months of geopolitical anxiety that has stifled risk assets following Sunday's announcement of an interim peace deal between the U.S. and Iran.
Bitcoin climbed to nearly $66,000 on Monday, almost 3.5% above Friday's level, while cryptocurrency-linked equities including Strategy (MSTR) and Galaxy (GLXY) advanced in pre-market trading.
There's still a note of caution, though. A ceasefire in April fell apart, and U.S. strikes broke another truce last month, with crypto prices taking a hit.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop