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Bitsky000

06/16 13:43

US-Iran Agreement Eased Markets, Why Did the Crypt

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US-Iran Agreement Eased Markets, Why Did the Cryptocurrency Market Remain Cautious The preliminary agreement announced over the weekend between the US and Iran has boosted risk appetite in global markets, but the cryptocurrency market has not seen a similarly strong sense of relief. In particular, expectations of a possible reopening of the Strait of Hormuz led to rapid price fluctuations in energy markets. While oil prices experienced a sharp decline, a more optimistic atmosphere emerged in Asian and US stock markets. From a global markets perspective, this development means that one of the biggest uncertainties regarding energy supply has been reduced. The decline in oil prices has strengthened expectations that inflationary pressures may ease and central banks may have more room to act. Therefore, stocks, especially those in sectors sensitive to energy costs and Asian markets, reacted more quickly to the news of the agreement.
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