Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1
The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities unchanged ahead of a pivotal CPI report.
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Summary
- Bitcoin is down 1.68% over 24 hours as Trump’s demand for 50 years of compensation from Iran killed the Hormuz reopening narrative overnight, pushing Brent crude to $89.08, more than 12% above last week’s low.
- XRP remains under pressure, with futures open interest growing the most of the day as it threatens to drop below $1 for the first time since 2024.
- Wednesday’s CPI report is now the week’s defining catalyst.
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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.
