Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets
BTC rose to $65,209 and Nasdaq 100 index futures gained 0.45% on reports that Iran may strike a deal with Oman to reopen the Strait of Hormuz.
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Summary
- Bitcoin rose 0.54% to $65,209 and ether gained 0.86% to $1,925, tracking a 0.45% rise in Nasdaq 100 futures as reports emerged that Iran is prepared to strike a deal with Oman to reopen the Strait of Hormuz.
- The altcoin market is cautiously optimistic but not yet moving, with the altcoin season indicator sitting at 37/100 and capital still concentrated in bitcoin, suggesting meaningful rotation into smaller tokens is contingent on BTC breaking out of its current range.
- Pump.fun (PUMP) led the altcoin market with a 5.39% gain, while liquidations fell 32% to just $85 million, pointing to a market that is stabilizing rather than chasing momentum.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
