CoinDesk·3 min read·medium
Crypto steadies as Iran-U.S. pause sends oil tumbling, lifts risk assets
O
Oliver Knight
✦AI Summary
Cryptocurrency markets showed signs of stabilization as oil prices fell following a pause in Iran-U.S. hostilities. Investors are now focused on the upcoming Federal Reserve meeting, with market sentiment improving as inflation fears ease.
The move was felt across multiple asset classes. Nasdaq 100 and S&P 500 index futures are up 1.36% and 0.80%, respectively, while gold and silver are both higher as inflation fears unwind. The CoinDesk 20 Index (CD20) has gained 0.1% since midnight UTC, 1.6% over 24 hours.
economycryptobusiness
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