Crypto
US-Iran Tensions Ease: Bitcoin and Ethereum Soar Amid Falling Oil Prices
The US's decision to halt strikes on Iran has sent shockwaves through the global markets. The move has pushed oil prices lower, but it has also had a positive effect on Bitcoin and Ethereum.
Murban crude oil is down by 10% today, July 27, trading at $97 per barrel. WTI crude oil is down by 5.6%, while Brent crude oil is down by 6.5%. The drop in oil prices comes after US envoy to the UN, Mike Waltz, said that President Trump was 'giving talks some space.'
The easing of tensions has led to a surge in buying pressure for Bitcoin and Ethereum. Bitcoin's price is up by 1.75% today, trading at $65,447 per coin, while Ethereum's price has climbed to $1,981, its highest level since June 2.