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Live markets: Bitcoin not fully out of danger as Trump warns of further Iran strikes
Key takeaways
- The industrial metal has gained about 4% since the war began in late February, while aluminum is up 13% as supply routes through the Persian Gulf were severed.
- A ceasefire in April collapsed and US strikes broke a second truce on June 9 - and BTC gave back the entire move both times.
- Copper, however, trades on growth expectations and supply routes.
The industrial metal has gained about 4% since the war began in late February, while aluminum is up 13% as supply routes through the Persian Gulf were severed.
The divergence to bitcoin has an explanation. A ceasefire in April collapsed and US strikes broke a second truce on June 9 - and BTC gave back the entire move both times.
Copper, however, trades on growth expectations and supply routes. Bitcoin has been trained by two failed deals to wait for the June 19 signing in Switzerland before pricing a third.
Article preview — originally published by CoinDesk. Full story at the source.
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