Bitcoin Rebounds Above $84,000 as U.S. and Iran Reportedly Explore Plan to Reopen Strait of Hormuz
- —BTC trades near $84,300, down less than 1% on the day
- —Intraday low was around $83,000
- —U.S. and Iran are discussing a phased plan to reopen the Strait of Hormuz
- —Brent crude rose above $105, with inflation above the Fed's 2% target
Why it matters: Easing geopolitical tensions would reduce inflation pressure and lower the odds of an October Fed rate hike, supporting crypto markets.
Source: CoinGape