PiCK
Iran Supreme Leader Approves Government Negotiations; Bitcoin Reclaims $78,000
Summary
- Reports that Iran’s supreme leader had approved the government’s negotiations lifted Bitcoin, U.S. stock-index futures, and gold and silver prices together.
- After the report, Bitcoin recovered the $78,000 level and rebounded to as high as $78,152.
- S&P 500 futures rose 0.6%, Nasdaq 100 futures gained 1%, and Dow futures added 0.8%, while spot gold and spot silver climbed 1.38% and 3.84%, respectively.
Forecast Trend Report by Period
Bitcoin, U.S. stock-index futures and gold and silver all rose after reports that Iran’s supreme leader had authorized the government to negotiate.
BlockBeats, a crypto-focused media outlet, reported on November 2, citing Iran’s state-run IRNA news agency, that the country’s supreme leader had approved the government’s negotiations. Walter Bloomberg, the overseas macro news account, also cited IRNA in reporting the same development.
After the report, Bitcoin climbed back above $78,000 and rebounded to as high as $78,152.
U.S. stock-index futures also extended gains. S&P 500 futures rose 0.6%, Nasdaq 100 futures advanced 1%, and Dow futures added 0.8%.
Precious metals also traded higher. Spot gold rose 1.38% intraday to $3,930 an ounce, while spot silver gained 3.84% to $51 an ounce.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.