QCP: Easing geopolitical tensions boost risk assets, Strategy pressure drags down bitcoin

According to QCP Market Colour, the United States and Iran have signed a memorandum of understanding and given signals for the reopening of the Strait of Hormuz, supporting risk assets. US stock futures rose and crude oil prices fell below $75. QCP stated that, on the macro level, attention should be paid to the Federal Reserve’s dot plot guidance on short-term restrictive policy paths. In the crypto market, BTC remains stuck below $66,000, and concerns related to Strategy funding needs are dampening market sentiment, with Bitcoin failing to follow the broad rebound in risk assets.