Bitcoin · Donald Trump · Iran · Strait of Hormuz · Federal Reserve (FED) · CoinDesk
Live markets: Bitcoin not fully out of danger as Trump flags of further Iran strikes
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Copper climbed as much as 1.4% after the US and Iran announced an interim deal to halt the war and reopen the Strait of Hormuz.
Key facts
- The industrial metal has gained about 4% since the war began in late February, while aluminum is up 13% as supply routes through the Persian Gulf were severed
- Copper climbed as much as 1.4% after the US and Iran announced an interim deal to halt the war and reopen the Strait of Hormuz
- The channel that would move crypto runs through central banks
- Cheaper oil softens the inflation pressure that kept the Fed on hold and pushed the Bank of Japan toward a hike at tomorrow's meeting
Summary
The industrial metal has gained about 4% since the war began in late February, while aluminum is up 13% as supply routes through the Persian Gulf were severed. Copper, however, trades on growth expectations and supply routes. The channel that would move crypto runs through central banks.