Iran War Nears End as Waller Floats 50-Bps Hike and Bitcoin Treasury Odds Jump
Easing Iran war tensions pushed oil prices lower, while Fed Governor Waller floated a possible 50-basis-point rate hike. At the same time, betting odds that the US Treasury will buy Bitcoin climbed. Traders would weigh the hawkish rate signal against the improved risk backdrop and the rising odds of sovereign BTC demand.