Ceasefire Agreement Set to Expire Soon, Iran Remains Adamant, Market Concerned about Escalation, Bitcoin Rallies Against the Trend

BlockBeats News, April 21st. Last night and this morning, Trump reiterated multiple times that the ceasefire agreement is set to expire on Wednesday night Washington time and is "highly unlikely" to be extended.

At the same time, Trump stated that Vance will go to Pakistan later on Monday and that "the Strait of Hormuz will not be reopened until the agreement is signed." On the other hand, Iran remained firm during U.S. market hours, stating "the decision not to participate in the negotiations has not changed." However, media reports that "the Iranian delegation will arrive on Tuesday morning, timing it close to the arrival of the U.S. delegation."

Influenced by Iran's tough stance, according to Bitget market data, on Monday, the S&P Index fell by 0.24%, the Nasdaq fell by 0.26%, and the Dow Jones Industrial Average remained flat. Crude oil prices saw a slight increase, with Brent crude rising by 2.51%, now trading at $90.39.

Bitcoin, on the other hand, showed relative strength, possibly boosted by a significant increase in holdings by Strategy. According to an exchange market data, Bitcoin once again broke through $76,000 this morning, now trading at $75,853.42, with a 24-hour increase of 0.19%.

Currently, investors are highly focused on whether the U.S.-Iran situation will escalate again. In the next day or two, the timely arrival of the Iranian delegation in Islamabad and the resumption of the talks are the market's main focus.