tldr; Bitcoin rose above $72,000 after reports of a US-Iran ceasefire and reopening of the Strait of Hormuz sparked a broad risk-on rally. The move, which began as ceasefire headlines emerged and intensified after Trump announced a 2-week pause in strikes, liquidated about $270 million in crypto shorts. Ethereum and major altcoins also gained, while analysts warned the rally could reverse if negotiations break down, since the ceasefire is only temporary.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
FalconCrust on
*hope is a good thing, maybe the best of things.*
*-Andy Dufresne*
mrestiaux on
Probably not long.
defiCosmos on
The market is so fucking stupid. It instantly reacts to every word TACO says.
Buster_xx on
until Friday evening when trump tries to manipulate the market further
cali_dave on
Well, the ceasefire is two weeks, so I’d say about three days until Iran breaks it.
No_Obligation_3568 on
This is an emotional whiplash reaction.
Nothing has been agreed to. All that’s been done is we pushed the deadline off 2 weeks.
The damage to the oil infrastructure in the Middle East will be felt for years.
Trump allowed this war to become an economic war. Which is what Iran wanted all along. Trump walked right into the trap.
The supply shock is just beginning. The global economy is about to take a wicked right hook on the chin.
Buckle up.
En4cr on
Until the next tantrum. 🌮
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tldr; Bitcoin rose above $72,000 after reports of a US-Iran ceasefire and reopening of the Strait of Hormuz sparked a broad risk-on rally. The move, which began as ceasefire headlines emerged and intensified after Trump announced a 2-week pause in strikes, liquidated about $270 million in crypto shorts. Ethereum and major altcoins also gained, while analysts warned the rally could reverse if negotiations break down, since the ceasefire is only temporary.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
*hope is a good thing, maybe the best of things.*
*-Andy Dufresne*
Probably not long.
The market is so fucking stupid. It instantly reacts to every word TACO says.
until Friday evening when trump tries to manipulate the market further
Well, the ceasefire is two weeks, so I’d say about three days until Iran breaks it.
This is an emotional whiplash reaction.
Nothing has been agreed to. All that’s been done is we pushed the deadline off 2 weeks.
The damage to the oil infrastructure in the Middle East will be felt for years.
Trump allowed this war to become an economic war. Which is what Iran wanted all along. Trump walked right into the trap.
The supply shock is just beginning. The global economy is about to take a wicked right hook on the chin.
Buckle up.
Until the next tantrum. 🌮