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Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes

CoinDesk
Bitcoin neared $82,000 while oil prices plunged 6% following reports of progress in U.S.–Iran diplomatic talks regarding the conflict.

Summary

Bitcoin prices rallied toward $82,000 and Nasdaq futures climbed over 1% as reports emerged of potential progress in U.S.–Iran peace talks. Conversely, WTI crude oil futures dropped 6% to $95.28 per barrel amid optimism that a memorandum of understanding could normalize energy flows through the Strait of Hormuz. The reported draft agreement involves negotiations led by Steve Witkoff and Jared Kushner. While the market responded with a shift toward risk assets, some analysts remain skeptical regarding Iran’s willingness to concede on long-standing nuclear enrichment demands.

(Source:CoinDesk)