CoinDesk·2 min read·medium
Live updates: Bitcoin flat near $63,500; lapsing US-Iran ceasefire revives the oil threat
S
Shaurya Malwa
✦AI Summary
Bitcoin remains stagnant near $63,500 as geopolitical tensions in the Middle East threaten global oil supplies. A potential supply shock from a blocked oil strait could increase inflation, complicating the Federal Reserve's monetary policy and impacting crypto market sentiment.
Only five cargo ships passed through the waterway on Saturday and none registered on Sunday, per Kpler data , against 31 the prior weekend.
businesseconomycrypto
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in