Crypto Prices Steady as Oil Slump Fuels Risk Appetite

Bitcoin is holding firm near the 65,000 dollar level as traders prepare for a major Federal Reserve decision on Wednesday. The mood across the markets shifted today after Brent crude oil prices dropped by seven percent. This decline followed news that the United States and Iran paused strikes in the Strait of Hormuz.

Lower oil prices typically act as a positive signal for risk assets like stocks and digital currencies. As energy costs ease, some of the fear surrounding global trade tensions has started to fade. This environment helped provide a boost to several DeFi tokens that were looking for a recovery.

Investors are now keeping a close watch on the upcoming Fed meeting. The central bank decision on interest rates will likely determine the direction for the rest of the week. For now, the market is choosing to stay calm while waiting for more clarity on future monetary policy.