U.S.-Iran strikes rattle global markets, send bitcoin to 6-week low
Your day-ahead look for May 28, 2026...
Key takeaways
- 1Bitcoin fell below $73,000 to 6-week low after U.S. strikes on Iran escalated geopolitical tensions.
- 2Permanent ceasefire odds plummeted to 8% by month-end from 70% peak; Brent crude jumped 4% to $96/barrel.
- 3BlackRock's Bitcoin ETF shed $528 million Wednesday, second-largest daily outflow since January 2024 launch.
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Why it matters
Geopolitical escalation in Iran-U.S. tensions directly impacts crypto volatility and oil prices, which influence global inflation expectations affecting RBI policy. Indian retail investors face near-term consolidation risk with bitcoin trapped below key technical levels amid institutional outflows and upcoming U.S. inflation data.
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