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Bitcoin, oil, and stock markets are shifting dynamics amid possible agreement between the US and Iran
Bitcoin rebounded to $72 000 following a drop in oil prices. Oil prices fell due to news of a potential nuclear deal with Iran.
The deadline for Trump is approaching – media reports suggest a deal could be announced as early as tonight.
Pakistan is seeking a two-week extension, and markets are pricing in the opening of the Strait of Hormuz.
Oil prices plummeted sharply on April 7 evening, and Bitcoin returned to the $70 000 mark — markets reacted to signals that the US and Iran might reach a diplomatic agreement at the last minute.
According to CNN, citing a regional source, “good news may soon be announced by both sides,” and the deal is expected before the deadline set by former President Donald Trump. The approach to negotiations has sharply shifted — just a few hours earlier, market participants were preparing for possible escalation in the Middle East region.
Bitcoin rose to $715, recovering intraday losses, while oil prices retreated from their highs — traders priced in a reduced risk of supply disruptions for energy resources.