Bitcoin traded near $69,000, rebounding toward $70,000, after reports of a potential Iran ceasefire, rising about 1%. The talks, reportedly led by White House aides Steve Witkoff and Jared Kushner, were said to include a dismantling of Iran’s nuclear capabilities and the abandonment of weapons development. Brent crude fell from $104 to just under $100 a barrel, down about 4%, as the news prompted an immediate reaction in oil markets. U.S. stock index futures also rose, signaling a broad easing in risk assets.
This backdrop contributed to a more favorable market tone for risk assets. The development supported a more favorable market tone for risk assets, with traders pricing in lower geopolitical risk and a potential shift in energy markets.
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