Summary
- Bitcoin was reported to have risen about 1% on news of a possible roughly one-month ceasefire in the Iran war.
- Brent crude was said to have plunged about 4% after falling from $104 a barrel to below $100.
- U.S. stock index futures also rose at the same time, in a move reflecting easing expectations across risk assets.
Forecast Trend Report by Period
Bitcoin rose on reports suggesting a possible ceasefire involving Iran.
On the 25th (local time), CoinDesk reported that Israel’s Channel 12 said a roughly one-month ceasefire related to the Iran war could be announced soon.
The talks are being led by White House envoys including Steve Witkoff and Jared Kushner, and are said to include dismantling Iran’s nuclear capabilities and a pledge to abandon nuclear weapons development.
The news immediately rippled through global oil markets. Brent crude fell from $104 a barrel to below $100, plunging about 4%.
Bitcoin, which had been trading around $69,000, has now regained the $70,000 level, up about 1%.
At the same time, U.S. stock index futures also rose, reflecting easing expectations across risk assets.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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