A US-Iran framework agreement to halt hostilities and reopen the Strait of Hormuz triggered a roughly 5% drop in Brent crude to $82.95, easing inflation expectations and lifting Bitcoin to an intraday high of nearly $67,300. The relief rally reflects broader asset market repricing on lower energy price pressures rather than crypto-specific demand. However, the momentum now faces a fresh headwind as Japan weighs its first interest rate hike in 31 years. A hawkish move from the Bank of Japan could strengthen the yen, unwind carry trades, and tighten global liquidity conditions — factors historically associated with risk-asset selloffs. Traders are watching whether Bitcoin can hold recent gains as geopolitical tailwinds collide with potential macroeconomic tightening from one of the world's largest economies.
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