US-Iran Tensions Ease, But Crypto Remains Unfazed

US stock markets rebounded on June 29, 2026, as tensions between the US and Iran eased. The Nasdaq 100 futures rose by over 1%, while the Dow Jones Industrial Average set a new record closing high.

The relief was largely driven by improved hopes for stability in the Strait of Hormuz, a critical chokepoint for oil trading. Oil prices dropped more than 4% as investors breathed a sigh of relief.

Crypto assets, however, remained unfazed by the developments. Bitcoin hovered around $59,700, showing no signs of reacting to the easing tensions.

The discrepancy between equities and crypto markets suggests that other factors are at play in determining Bitcoin's price. Some analysts point to profit-taking from the upper end of Bitcoin's June range as a possible explanation for the lackluster response.