CoinDesk·3 min read·medium
Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1
O
Oliver Knight
✦AI Summary
Bitcoin remains stagnant below $65,000 as geopolitical tensions in the Middle East and a lack of corporate buying pressure weigh on the market. While some altcoins like XRP and Chainlink have shown gains, broader market sentiment remains cautious ahead of upcoming U.S. economic data.
President Donald Trump's demand for 50 years of compensation from Iran as a condition of any negotiation dashed hopes of a near-term resolution and pushed Brent crude up to $89.08, more than 12% above last week's low.
cryptobusinesseconomy
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