Iran is negotiating a 10-point deal, while the U.S. offers 15 points, and the gap is too large to reach an agreement. Trump is shaking hands and throwing punches at the same time, and the market has been played again.

Last week, talks were ongoing and oil prices fell, giving Bitcoin a breather; today, they say the fighting continues and oil prices have risen back to $113, and Bitcoin has dropped 1.62%. The capital markets buy into this — a conflict in the Middle East causes prices to drop, calls for peace cause prices to rise, and whether it's good news or bad news, it's all just market noise — not real conflict or negotiations.

Now I understand: as long as Iran doesn’t settle down, oil prices won’t come down. If oil prices stay high, the Federal Reserve will find it hard to cut interest rates. If rate cuts are difficult, the crypto market and bullish momentum will be far away.

Bitcoin held the $65,000 level twice, first on 4/2 and again on 4/7. Both times, it was during Middle East news releases. In the short term, the fate of the crypto market depends not on the crypto world itself, but on Tehran.
$BTC