The market's expectations for interest rate hikes have cooled down, and with the US and Iran talking peace, the market is starting to rally. However, it looks like altcoins are set to outperform Bitcoin in this bull run.
According to the New York Times, US President Trump stated that the Strait of Hormuz will be permanently open based on the agreement with Iran. Trump also insisted that if Iran fails to reach a final nuclear deal with the US, he will resume military strikes on Tehran.
$BTC It looks like we're going to see a short dip during the day here, followed by a bounce in the evening. This trend has been playing out for a week now.
$ETH has been waiting all day for 1740 to come, ended up going long with a short-term trade and got caught in a bind. This gold dips just a little, and the crypto market goes south...