Temporary two-week ceasefire agreement between the US and Iran sends crude oil prices plummeting while bitcoin surges above $72,000

BlockBeats news, on April 8, early Tuesday trading, Trump agreed to suspend bombing and attacks on Iran for two weeks. The Iranian Supreme National Security Council issued a statement early on the 8th local time, stating that based on the advice of the supreme leader and the approval of the Supreme National Security Council, they have accepted Pakistan's proposal for a ceasefire. Iran announced that Iran-US negotiations will begin on the 10th in Islamabad.

According to Bitget market data, as tensions in the Middle East eased, Nasdaq futures surged by 2%; WTI crude oil plummeted by 15%, falling below the $100 mark; spot gold rose by more than 3.2%, currently quoted at $4,811/oz. Bitcoin rebounded, breaking above $72,000, currently quoted at $72,460, up 5.52% in 24 hours.

CoinGlass data shows that in the past 12 hours, $34.75 million of on-chain crude oil positions were liquidated, and $31.02 million of on-chain Brent crude oil positions were liquidated, mostly long orders.