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Crypto

Iran's Offer Sends Oil Prices Plummeting, Bitcoin Soars

Guavy AI Editorial Team
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BTC
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Iran has announced that it will open the Strait of Hormuz in seven days if the US lifts its port blockade and reduces military pressure. This announcement has sent shockwaves through markets, with Brent oil prices falling to $94.45 per barrel and WTI dipping below $89.

Bitcoin, however, is bucking the trend, surging past $87,281 as investors pour in $999 million into US spot $BTC ETFs in a single day.

The Crypto Fear and Greed Index has reached 78, indicating 'extreme greed' for the first time in over a year. This comes amidst rising tensions between Iran and the US, with markets closely watching developments.

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