Make CryptoSlate preferred on Bitcoin rallied hard after Iran said it was reopening the Strait of Hormuz to commercial shipping.Bitcoin hit the highest level since February, oil prices dropped, Wall Street notched another record, and the U.S. 10-year Treasury yield slipped to 4.24%. But here’s the catch: markets acted as if the reopening had solved the core standoff between Washington and Tehran.Look closer, though, and the story gets more complicated. The opening is only temporary, the blockade is still in place, mine-clearing operations are ongoing, and there’s plenty of confusion about what Iran has actually agreed to.That matters even more heading into the weekend. U.S. stocks, Treasuries, and most...
Make CryptoSlate preferred on Bitcoin rallied hard after Iran said it was reopening the Strait of Hormuz to commercial shipping.Bitcoin hit the highest level since February, oil prices dropped, Wall Street notched another record, and the U.S. 10-year Treasury yield slipped to 4.24%. But here’s the catch: markets acted as if the reopening had solved the core standoff between Washington and Tehran.Look closer, though, and the story gets more complicated. The opening is only temporary, the blockade is still in place, mine-clearing operations are ongoing, and there’s plenty of confusion about what Iran has actually agreed to.That matters even more heading into the weekend. U.S. stocks, Treasuries, and most...
