Grayscale Bitcoin Trust ETF is trading 4.7% up today following the confirmation of a 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz, which has triggered a broad risk-on move into growth and crypto-linked assets.
- Bitcoin prices are rising alongside global equities as lower oil prices ease inflation and interest rate fears.
- Market sentiment is buoyed ahead of the first FOMC meeting under Kevin Warsh, increasing demand for Bitcoin-tracking investment vehicles.