Bitcoin's Iran Relief Rally Faces 60-Day Oil and Fed Test
Bitcoin reacted to a US-Iran MOU that starts a 60-day window for nuclear talks and sanctions relief. Brent crude fell about 5% to $78.96, and WTI settled at $76.05. The US Energy Information Administration said the Strait of Hormuz carried about 20% of global oil and petroleum product consumption in 2024 and early 2025. A Reuters poll found nearly 70% of economists expect the Fed to hold rates at 3.50%-3.75% through the rest of 2026.
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