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The United States continues its efforts to conduct peace talks with Iran to end the war, with reports indicating the possibility of such talks taking place by the end of this week. Bitcoin's price has rebounded following this development, after it declined following Iran's announcement rejecting talks with the United States until the latter meets five conditions Iran has set for ending the war.
Peace talks between the United States and Iran are expected to take place by the end of this week with Bitcoin's price recovering.
According to a CNN report, the White House is seeking to arrange a meeting in Pakistan by the end of this week to discuss an exit to end the war. This represents the latest development as the U.S.-Iran war approaches the completion of its first month.
Bitcoin's price surged sharply above 71,000 US dollars following a report of potential peace talks between the United States and Iran. This leading digital currency is currently trading slightly above this psychological level, achieving gains of less than 1% today. Bitcoin's price rose to nearly 72,000 dollars earlier today, but retreated after Iran rejected the U.S. proposal for a ceasefire, calling instead for a complete end to the war. Iran also set five conditions for ending the war, asserting that it will not conduct any talks with the United States until these conditions are met.
Axios correspondent Barak David noted that it is not entirely clear whether Iran's position is merely a show, or whether they are actually closing the door on negotiations. He quoted a U.S. official as saying that the Trump administration has not yet received any formal messages from Iran rejecting the offer📈🚨💯❤️❤️❤️❤️