US-Iran 60-Day Ceasefire Propels Crypto Cap to $2.22 Trillion
ORBS•Total crypto market cap rose 0.45% to $2.22 trillion after the US and Iran signed a 60-day ceasefire reopening the Strait of Hormuz. Oil prices fell over $12 per barrel, strengthening Fed rate cut expectations and boosting risk asset demand such as ORBS.
1. Market Rally Driven by Ceasefire
On June 14 the US and Iran enacted a 60-day ceasefire, reopening the Strait of Hormuz and sparking a 0.45% rise in total crypto market cap to $2.22 trillion.
2. Oil Price Drop and Fed Outlook
The reopened waterway relieved supply constraints, driving oil prices down by over $12 per barrel and cutting headline inflation.
3. Implications for ORBS
Weaker inflation data have increased odds of a Federal Reserve rate cut, which typically benefits digital assets like ORBS by lowering borrowing costs and fueling risk-on flows.
