Svmuu News According to reports, driven by news of potential ceasefire talks between the U.S. and Iran, Bitcoin and global risk assets strengthened. Bitcoin rose to $69,350 early Monday, hitting a new weekly high. Reports indicate that the U.S., Iran, and regional mediators are discussing a framework for a 45-day ceasefire agreement. If reached, it could pave the way for a longer-term truce.
Analysis points out that this round of gains is primarily driven by ceasefire negotiation expectations, rather than Trump's tough rhetoric. Market sensitivity to his statements has decreased, with a greater tendency to judge based on signals of actual action. In the derivatives market, the crypto market has formed a typical "short squeeze," while both implied and realized volatility are at low levels. Previous market sentiment leaned towards extreme fear, creating conditions for a rebound. However, the situation in the Strait of Hormuz remains a key variable. If there is only a ceasefire without a substantial resumption of shipping, the market movement may be just a short-term rebound; if negotiations fail, Bitcoin could still fall back to the $60,000 range. (Decrypt)