Donald Trump's rejection of an Iranian cease-fire proposal immediately shook world markets. The price of oil crossed the $100 mark, American futures fell and tensions around the Strait of Hormuz returned to center stage. In this climate of nervousness, bitcoin nevertheless surprises with its stability around $81,000. Such behavior contrasts with previous geopolitical crises.
In brief
- Donald Trump rejected an Iranian ceasefire proposal, immediately reigniting tensions on world markets.
- The price of oil rose above $100 as Wall Street retreated on geopolitical concerns.
- The Strait of Hormuz is once again becoming a strategic point monitored by investors and energy markets.
- Despite the prevailing nervousness, bitcoin remains stable around $81,000, unlike previous international crises.
Trump rejects Iranian offer and restarts oil shock
Tensions rose a notch after Donald Trump's public rejection of the Iranian counter-proposal concerning a cease-fire.
On Truth Social, the American president denounced a proposal “absolutely unacceptable”immediately triggering a reaction from energy markets. The price of oil then rose sharply.
Here are some facts:
- A barrel of WTI for June delivery reached $97.88, up 2%;
- Brent surpassed $103;
- Dow Jones, S&P 500 and Nasdaq-100 futures fell about 0.1%;
- The Strait of Hormuz remains at the center of global supply concerns;
- Citi analysts estimate that upside risks for oil remain high as long as Iran retains influence over the reopening of the maritime corridor.
This rapid market reaction illustrates the return of inflationary fears linked to energy. After six consecutive weeks of increases in American stocks, traders are now monitoring the evolution of the conflict and its potential consequences on the monetary policy of the American Federal Reserve.
Bitcoin holds up as traditional markets falter
Unlike previous major geopolitical episodes, the crypto market did not plunge into a massive liquidation movement. Bitcoin remained stable around $81,000 despite the surge in oil prices and the decline in American indices. This resistance contrasts with the reactions observed during previous crises, where investors quickly abandoned cryptos in favor of the dollar or American bonds.
Altcoins have displayed more contrasting trajectories. Ethereum fell slightly by 0.11%, while Solana rose by 1.53% and XRP by 2.09%. This divergence shows that the market remains selective despite the renewed macroeconomic tensions. Bitcoin trading volumes exceeded $59 billion, for a total capitalization estimated at $1.63 trillion, proof that flows remain sustained despite international tensions.
This stability of bitcoin occurs in a particularly sensitive context for the markets. A prolongation of tensions in the Middle East could fuel a new inflationary surge via energy, further complicating the expectations of a rate cut by the American Federal Reserve. Conversely, a rapid calm around the Strait of Hormuz could revive the appetite for risk in financial markets and strengthen cryptos.
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