MARKET REPORT
Bitcoin holds above $65,000 as Hormuz easing lifts risk assets, volatility collapses
Executive takeaway
Bitcoin traded at $65,209 as reports of an Iran-Oman deal to reopen the Strait of Hormuz supported risk assets, while a gauge of bitcoin implied volatility fell to its lowest since 2025.
Bitcoin steadied above $65,000, trading at $65,209, after reports that Iran may reach a deal with Oman to reopen the Strait of Hormuz eased supply concerns and lifted risk assets broadly. Nasdaq 100 futures rose 0.45%.
Options markets told a quieter story: the BVIV bitcoin implied volatility index fell to its lowest level since 2025 as demand for options collapsed. Overwriting strategies increased, but downside protection continued to trade at a premium, indicating traders remain more willing to pay for hedges than for upside exposure.
Wire sources cited
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.