After a busy day in the shadow of political developments, the rise in risk markets in the evening hours attracted attention. Bitcoin also joined this movement and made a strong recovery in recent hours. Especially after the news that Iran approached Pakistan’s ceasefire request positively, the atmosphere in the markets changed.
Markets Day Started Negatively
In the first hours of the day, selling pressure was dominant in risky assets due to negative statements. Donald Trump said that if Iran does not open the Strait of Hormuz, “an entire civilization will disappear.” This harsh statement caused anxiety in the market.
Trump’s statement drew the reaction of many people, including some politicians who had previously supported him. Some people even called for his dismissal.
While the negative atmosphere led to a decline in major indices such as Nasdaq, bitcoin initially fell below the $ 68,000 level.
Positive News Prepared the Ground for the Rally
In the evening, it was reported that Iran welcomed Pakistan’s request for a two-week ceasefire. This development contributed to the renewed risk appetite in the cryptocurrency market.
White House Press Secretary Karoline Leavit made the following statements regarding the issue:
“The President has been informed of the proposal and will respond.”
This softening in geopolitical risks caused investors to turn to crypto assets again. Nasdaq index also closed the day with a slight increase after a volatile session.
In parallel with this positive atmosphere, Bitcoin rose to the level of $ 69,400 and compensated for all its losses during the day. Thus, after a short-term sales wave, the markets recovered again.
