Bitcoin jolted modestly higher on Iran ceasefire report; oil tumbles 4%
CoinDesk
Bitcoin briefly rose above $70,000 following a report of a potential one-month ceasefire involving Iran, causing oil prices to drop.Summary
Bitcoin experienced a modest increase, reclaiming the $70,000 level, after an Israeli TV report suggested a one-month ceasefire might soon be announced as part of negotiations involving White House envoys Steve Witkoff and Jared Kushner. The reported deal also includes dismantling Iran's existing nuclear capabilities and a pledge never to seek nuclear weapons. The news had an immediate impact on the oil market, with Brent Crude falling sharply from $104 to below $100. Bitcoin, which had been trading near $69,000, quickly jumped back to $70,000, and U.S. stock index futures also saw small gains. The article also briefly mentions Robinhood's stock performance and its new $1.5 billion stock buyback program.
(Source：CoinDesk)