A day’s decline in cryptocurrencies narrowed slightly in the minutes since U.S. stocks closed the session.
According to Israeli Channel 12, a month-long ceasefire could soon be announced as part of a package being negotiated by White House envoys Steve Witkoff and Jared Kushner.
Other terms of the deal reportedly include the dismantlement of Iran’s existing nuclear capabilities and that country’s promise to “never pursue” nuclear weapons.
The news was felt most immediately in the oil market, with Brent crude oil falling from $104 to below $100 in just a few minutes.
Trading lower all day and hovering near $69,000, bitcoin It quickly reached $70,000 again. U.S. stock index futures also posted small gains on the news.
