The total crypto market capitalization slipped to $2.07 trillion as Bitcoin fell below $60,000. The drop set off $622 million in liquidations over the past 24 hours. Market sentiment also deteriorated sharply, with the Fear and Greed Index at 17, indicating “extreme fear.”

Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece. The exchange said it will pursue authorization in another European Union country instead. It added that it remains committed to operating in Europe and will continue aligning with regional rules while supporting the sector’s development.

The U.S. and Iran agreed on a 60-day ceasefire roadmap, keeping the Strait of Hormuz open and prompting the U.S. Treasury to authorize temporary Iranian oil sales. WTI crude fell 3.5% to $70.64 a barrel after dipping below $70 intraday, while Brent slid 3.8% to $74.13, returning to near prewar levels. Gold dropped 2.6% to $4,003 an ounce and was down 11.5% month to date, marking its worst monthly performance since 2008. The sudden geopolitical de-escalation drove a rapid repricing across energy and precious metals.

Economists expect the Personal Consumption Expenditures price index to show prices rose 4.1% in May, the highest level in three years, heightening worries the Federal Reserve could raise rates by year-end. Technology shares extended a third straight day of declines, with Nvidia, Micron and Microsoft all lower. Gold slid 3.8% to just below $4,000 an ounce, while the 10-year Treasury yield eased to 4.40% and the 2-year stayed elevated, reflecting tighter-policy expectations.

Treasury Secretary Scott Bessent said the U.S. economy can achieve 3% growth this year. Traders on the prediction-markets platform Kalshi assign 14.2% odds that GDP growth will land between 2.6% and 3.0%. The same contract implies a higher probability that growth will come in between 2.1% and 2.5%.

BlackRock told financial advisors that allocating roughly 1% to 2% of a portfolio to bitcoin can act as a “complementary diversifier” in long-term strategies. The firm said the digital asset’s role in portfolios is still evolving. It framed the suggested weighting as a limited position that can fit within a broader risk budget.

Donald Trump wrote on Truth Social that major oil companies have not lowered retail gasoline prices in step with falling crude costs, calling it “gouging,” and said he directed the Justice Department to investigate. Traffic through the Strait of Hormuz remains only a small fraction of pre-war levels, disrupting roughly one-fifth of global oil shipments. U.S. crude prices are still about 25% higher than at the start of the year, while the national average gasoline price stands at $3.92 a gallon, up 21.7% from a year earlier. The episode underscores how prolonged geopolitical tensions and escalating policy intervention are jointly pressuring energy supply stability.

U.S. crude oil futures fell 4.2% to $70.14 a barrel, the steepest decline among major commodities in the session. Gold, silver and copper also weakened. U.S. stock indexes were broadly higher, but the energy sector dropped 1.7%. Paychex reported better-than-expected Q4 results, though it was a single-stock move rather than a cross-asset driver.