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A diplomatic agreement between the Trump administration and Iran pushed equities to record highs, but the rally did not hold for Bitcoin — $BTC pulled back once the Federal Reserve weighed in, splitting two markets that had been moving in the same direction.
Stocks Run, Crypto Stalls The Iran deal handed markets a clear risk-on signal and equities took it, reaching record territory.
Bitcoin moved in the same spirit early on; geopolitical de-escalation tends to compress the uncertainty premium baked across risk assets, and crypto is not exempt from that reflex.
The split arrived when the Federal Reserve opened its mouth. The mechanism matters more than the price.
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