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Home News The US and Iran have reached a two-week temporary ceasefire agreement, causing a sharp drop in oil prices, while Bitcoin surged above $72,000

The US and Iran have reached a two-week temporary ceasefire agreement, causing a sharp drop in oil prices, while Bitcoin surged above $72,000

The US and Iran have reached a two-week temporary ceasefire agreement, causing a sharp drop in oil prices, while Bitcoin surged above $72,000

BlockBeats News, April 8th, Trump said he agreed to suspend bombings and attacks on Iran within two weeks. Iran’s Supreme National Security Council issued a statement early on the 8th local time, stating that, based on the Supreme Leader’s advice and the approval of the Supreme National Security Council, Iran accepted Pakistan’s ceasefire proposal. Iran said that Iran-US negotiations will begin in Islamabad on the 10th.

According to Bitget market data, due to the easing of tensions in the Middle East, Nasdaq futures rose to a 2% increase; WTI crude oil plummeted by 15%, breaking below the $100 mark; spot gold rose by over 3.2%, currently at $4811 per ounce. Bitcoin rebounded and surged past $72,000, currently at $72,460, with a 24-hour increase of 5.52%.

CoinGlass data shows that in the past 12 hours, on-chain crude oil liquidation amounted to $34.75 million, and on-chain Brent crude oil liquidation amounted to $31.02 million, both mainly liquidating long positions.

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