Crypto steadies as Iran-U.S. pause sends oil tumbling, lifts risk assets

MarketsCrypto steadies as Iran-U.S. pause sends oil tumbling, lifts risk assetsBrent crude plunged 7% after the U.S. and Iran paused Strait of Hormuz strikes, lifting equities and DeFi tokens while bitcoin held near $65,000 ahead of a pivotal Fed decision Wednesday.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Jul 27, 2026, 10:35 a.m. 4 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowThe U.S. and Iran paused strikes over the Strait of Hormuz, sending Brent crude tumbling more than 7% to around $87, easing the inflation fears that have weighed on risk assets for weeks.The Fed meets this week on whether to raise rates for the first time in three years as inflation nears 4.1%, though the pause in hostilities trimmed the probability of an increase to 30.5% from 37.4% at Friday's close, according to CME Group's FedWatch tool.DeFi tokens led the crypto recovery with AAVE rising 9%, LDO 9.39% and ONDO 7%. PUMP surged 12.24% to push its market cap toward $800 million from $570 million just two weeks ago.The crypto market opened the week on a positive note as a shift in the Middle East offered a modicum of relief to risk assets. The U.S. and Iran paused strikes over the Strait of Hormuz, sending Brent crude tumbling from above $100 to around $87 per barrel as mediators continued talks.The move was felt across multiple asset classes. Nasdaq 100 and S&P 500 index futures are up 1.36% and 0.80%, respectively, while gold and silver are both higher as inflation fears unwind. The CoinDesk 20 Index (CD20) has gained 0.1% since midnight UTC, 1.6% over 24 hours.Bitcoin BTC$65,318.04 is lower since midnight at $65,200, though this follows a spike to $65,600 at the start of futures trading on Sunday. The little-changed reading masks an underlying improvement in sentiment.Ether (ETH) outperformed bitcoin on Monday, rising 0.51% to $1,963 and approaching the psychologically significant $2,000 level…

Crypto steadies as Iran-U.S. pause sends oil tumbling, lifts risk assets

Coins in this story

Related stories

Crypto Firms Pivoting to AI Is 'Zero-Sum' Thinking: Coinbase CEO

BitMart Becomes Latest Crypto Exchange to Shut Down

Thailand's SEC Files Criminal Complaint Against Bitkub Over Undisclosed $47M Hack