Today's biggest news: US-Iran ceasefire


Last night, Trump confirmed that the US and Iran reached a two-week ceasefire agreement, causing BTC to surge. It rose from 68k to 72,738 USD within 24 hours, an increase of about 4.5%, while also triggering a 427 million USD short squeeze.
Iran has already started collecting tolls for the Strait of Hormuz in BTC, with each barrel of oil valued at 1 USD equivalent in BTC. Countries under sanctions are using cryptocurrencies to bypass the US dollar system, and this trend is becoming increasingly evident.
Currently, BTC is hovering around 72k. The market has mostly digested the ceasefire news, and the next focus is on Iran's negotiation progress.
If negotiations continue to advance, BTC could test 75-80k; if they break down and Iran re-blocks the strait, BTC will likely rise as a safe haven.
Dachao believes that in the short term, the market will consolidate this rally, and the next buying opportunity will be a pullback to around 70-71k #Gate上线Pre-IPOs $BTC
BTC1,34%
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