When Oil Crashes, Bitcoin Soars: How a Ceasefire Just Triggered an Intense Market Momentum Flip
Markets saw a dramatic macro-driven shift as a US-Iran ceasefire triggered a historic 17.7% crash in oil prices, while crypto surged in response, with Bitcoin hitting $72,825 and liquidating around $600 million in shorts. The move underscored strong correlations between geopolitical events and risk assets, but its sustainability now hinges on whether the ceasefire holds, continued stability could support further upside, while a breakdown may quickly reverse both oil and crypto gains.