Key highlights:
- BTC resumed its upward move as investors reacted positively to peace talks.
- Mediators said negotiations showed great progress.
- Reports also suggest the Strait of Hormuz blockade could be lifted.
The
The latest diplomatic progress looks to have temporarily changed that narrative.
Charts showed a couple of strong buying candles shortly after news of the negotiations was released.
Meanwhile, the negotiations are still ongoing, and a final deal has not yet been reached. Any setbacks in the discussions could quickly affect market sentiment, as past trends show.
Source:: Bitcoin Price Reclaims $65K as US-Iran Deal Talks Show ‘Encouraging Progress’