Bitcoin Even though it exceeded $81,500, the Iran issue is still not resolved. The ceasefire, which has been extended for an indefinite period for now, has helped bring risk appetite back. Earnings reports of technology giants were also motivating. So what’s the latest situation? What awaits cryptocurrency investors?
Iran and USA
US ships yesterday of Iran News that he had attacked had triggered the decline, but this was denied. The US Secretary of War says that work is still continuing for the Strait of Hormuz. China is an important actor here because it is the largest Iranian oil customer and the US wants it to do more. Trade Minister Bessent of china He said that he should help open the Strait of Hormuz by increasing diplomatic pressure.
Trump said the following at the signing ceremony about an hour ago;
“Things are going very well in our favor in Iran. Despite the conflict, the stock market reached an all-time high today. Iran lacks air defense and leadership capabilities.”
The President of Iran shared a statement on account X at the same time.
“If politics is reduced to power, the result is today’s world: chaos, oppression, injustice and piracy
In our national values and religious worldview, power without morality is an empty concept. Today, Iran represents a moral and responsible government; Their enemies embody reckless and uncontrolled power.” – Pezeshkian
Interest rates may increase
Powell was left behind as the European Central Bank and others cut interest rates. As expected, the person who put the delayed interest rate reductions on hold in January did not reduce the interest rates until the end of his term of office. He will hand over the seat to Warsh in 10 days, and the new president thinks he can make interest rate cuts while ending QE.
But today, Villeroy from the European Central Bank reminded the consequences of secondary effects on inflation and said that they may need to increase interest rates. While the ECB is increasing interest rates, it will be a difficult task for the Fed to lower them.
“The ECB will increase interest rates if it sees secondary effects. I do not see enough signs of an interest rate increase yet.”
Oil Even though it retreated slightly, it is still above $110. The number needed to avoid secondary effects or keep them limited is quickly $75. While the process has completed its second month, energy inflation has already greatly affected the annual figures.
