A down day in crypto narrowed slightly in the minutes since US stocks closed the session.
According to Israel’s Channel 12, a one-month ceasefire may soon be announced as part of a package negotiated by White House envoys Steve Witkoff and Jared Kushner.
Other terms of the deal reportedly include a dismantling of Iran’s existing nuclear capabilities and the country’s pledge to “never seek” nuclear weapons.
The news was felt most immediately in the oil market, where Brent Crude fell from $104 to below $100 in a matter of minutes.
Trading down during the day and sitting near $69,000, bitcoin quickly came back to $70,000. Futures on US stock indexes also showed small gains on the news.
