Bitcoin · Iran · Wall Street · Intel · Decrypt
Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes
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◎ Multiple-sources
Bitcoin punched through $86,500 on Tuesday, holding above the ceiling that had capped its rally through most of September.
Key facts
- The Fed's bond holdings sit near $6.7 trillion, still well below the $9 trillion peak of 2022 but no longer shrinking
- XRP climbed to $1.57, Solana gained 18.2% over the week, and Zcash extended its multi-month tear to $1,551, up 36.7% over seven days
- The Nasdaq Composite closed at a record Monday, up 2.26% for its best day since June, as AI-linked names ripped higher—Intel jumped 12%, AMD gained about 10% and crossed a $1 trillion market cap
- Brent crude briefly slipped below $98 a barrel and WTI fell under $93, their lowest since September 8, after reports that Iran offered to reopen the Strait of Hormuz within days if Washington eases
Summary
Bitcoin traded near $86,559 Tuesday, up 12.2% over the past week, after clearing the resistance band that had capped it since early September. The Crypto Fear & Greed Index sits at 79, deep in "Greed. The Nasdaq Composite touched a fresh intraday record as chipmakers extended a multi-day winning streak. The breakout lines up with a broader risk-on mood on Wall Street.