Oil markets lost more than 1 trillion dollars in value within minutes after the news spread rapidly.
Financial markets experienced heightened volatility over the past hour, including Bitcoin, which climbed to a five day high of 68,500 dollars before reversing and falling by about 1,000 dollars.
The main driver behind these sharp movements appears to be reports that Masoud Pezeshkian stated that Iran is willing to end its conflict with the United States if certain conditions are met.
Details about these conditions remain unclear, and analysts expect further updates in the coming hours.
Beyond Bitcoin’s brief surge and pullback, the S&P 500 also saw dramatic movement, rising rapidly from 6,320 to 6,520 within minutes. Meanwhile, oil prices moved in the opposite direction, dropping by 5 percent over the same period.
WTI Crude Oil fell from 105 dollars per barrel to below 100 dollars before recovering slightly to around 102 dollars. These swings represent movements worth trillions of dollars within hours, adding to earlier volatility when prices fell from 107 dollars to 101 dollars before rebounding to 105 dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
