Bitcoin Don Pass $30K Amid Softening Middle East Wahala, Oil Price Drop Plus Dovish Fed Minutes
Crypto market dem rally after dem hear say Israel and Iran don agree phased ceasefire, dis one ease tension for Strait of Hormuz and push oil price down. Bitcoin first jump almost 4%, Ethereum, XRP and Solana follow up 8–11%, total market cap waka reach $3.35 trillion. More rally come after US Energy Information Administration report show bigger crude inventory build than wey dem expect, e push West Texas Intermediate down 2% and calm inflation fear. Dovish minutes from Federal Reserve July meeting boost risk appetite, push Bitcoin pass $30,000 (+5%) and Ethereum up 3%, total crypto capitalization near $1.35 trillion. Traders now dey wait US CPI data wey go show new direction.
Bullish
Middle East tension don reduce and oil price don fall, dem don reduce worry for inflation, plus Fed minutes wey soft don make people wan take risk. These two things don push Bitcoin and other big tokens high, e mean say e fit still rise small short time, specially as big US CPI data dey come. Long-term momentum still good if inflation remain under control and geopolitical wahala no too much.