Bitcoin ($BTC) soared above $80,000 amid hopes that tensions in the Middle East would ease.
As the market waits for the US-Iranian war to end, US-based news organization Axios has said that the US-Iranian war is very close to ending.
According to Axios, the United States and Iran are about to sign a memorandum of understanding to end the war.
Axios, citing multiple sources, reported that the United States and Iran have established a detailed framework for nuclear negotiations and are close to signing a one-page memorandum of understanding aimed at ending the war.
Axios reported, “The United States expects answers from Iran on several key questions within the next 48 hours. These talks are the closest the two countries have come to an agreement since the start of the war.”
Negotiations between the two countries have been ongoing for several weeks, but no full agreement has been reached. At this point, Walter Bloomberg stated that the main points of disagreement between the two countries were “a moratorium on uranium enrichment, abandonment of nuclear weapons development, acceptance of UN inspections, and restrictions on underground nuclear facilities.”
In return, the United States and Iran are reaching an agreement to ease transit restrictions through the Strait of Hormuz.
Finally, Bitcoin rose above $82,000 following news that the war between the US and Iran is nearing an end and a peace deal is on the horizon. This is my first time $BTC It has been at the $82,000 level since January.
Brent crude oil prices fell below $101 per barrel, the lowest since April 27.
*This is not investment advice.
