Crypto
Bitcoin Holds Steady Amid Global Equities Boom
Bitcoin remained relatively stable on Wednesday, trading just above $64,000. This was despite global equities reaching fresh records on renewed enthusiasm for the AI trade.
The MSCI's All Country World Index rose 0.4% towards another record close, with its Asia Pacific benchmark gaining 2.2%. Australian shares also hit a new peak after the S&P 500 and Dow closed at all-time highs on Tuesday.
However, the Hormuz deal announcement is expected to be a key catalyst for crypto markets this week. If it lands as reported, it could provide a clear macroeconomic trigger for bitcoin's price movement.