Iranian President Masoud Pezeshkian has announced his intention to end the conflict against the United States and Israel, making peace conditional on the fulfillment of certain security measures.
this Signals suggesting possible military détente triggered an immediate market reaction: Oil price fell from $106 to $102, Bitcoin (BTC) rises above $67,000.
The following graph shows how Bitcoin has performed over the past 24 hours, a period in which the digital currency has appreciated by 1.2%.
As CriptoNoticias explains, Bitcoin’s rise is based on the fact that as oil prices fall, inflation at the global level will also fall (as oil is a basic raw material for production, transportation, supply chains, etc.).
Low inflation makes central banks (such as the US Federal Reserve) more likely to raise interest rates, injecting liquidity into the economy. This liquidity can extend to assets that are considered “risky,” including cryptocurrencies.
Anyway, For now, the war continues with only words.. President Pezeshkyan conveyed through the state agency IRNA that his country was ready to cease hostilities. However, his administration expects five conditions to maintain peace:
- Complete cessation of attacks on Iran by the United States and Israel.
- An end to war on all fronts, including conflicts with groups allied with Tehran.
- Binding guarantees and mechanisms to prevent future attacks on Iranian territory.
- Payment of war damages.
- International recognition of Iranian sovereignty over the Strait of Hormuz.
In this context, The S&P 500 stock index, which represents the U.S. market, is also on an upward trend.up 2.45% in the past 24 hours.
