Today was the most likely day for talks to be held, but Iran is not attending the meeting. There are 2 reasons for this. The first is to strengthen its hand in bargaining, and the second is that the administration in Iran is actually in the hands of the military wing, not the wing that conducts the negotiations. Iran is playing its last trump card and cryptocurrencies are about to faint.
There will be no peace talks
Foreign Minister Araqchi and the Speaker of the Iranian Parliament represent what Trump describes as a “new regime.” They are more moderate and are effective in the negotiation process, but the decision is made by the religious administration and its revolutionary guards. The duality in Iran will prolong the bluff at the negotiation table and thus probably cause the war to continue. trump He said there will be an agreement today, but Tasnim explains that it is certain that Iran will not participate in tomorrow’s talks.
Despite the efforts of Pakistan and regional countries, the talks did not take place. The AP just announced that Vance’s trip to Pakistan has been cancelled. BTC At the time the article was being prepared, it fell below 75 thousand dollars and started searching for its daily bottom.
The US Vice President cancels his trip tomorrow, Iran firmly says that it will not attend the session, and risk markets are falling. So what happens now? Let’s summarize it in items.
- Trump said Iran will give us the uranium it has for free. Iran responded that nuclear power is sacred to us and we will never do it.
- Trump said: “The Strait of Hormuz has been opened, we are allowing ships to pass thanks to the blockade.” Iran said there will be no peace talks until the blockade is lifted.
- The result is if neither side steps back. In other words, if Trump does not lift the blockade or Iran does not come to the table, the war will continue where it left off.
Cryptocurrencies are about to collapse
New Fed Chairman Kevin Warsh implied that “QE will not happen” in his Senate Banking Committee testimony today. So the new Fed President is not in favor of monetary expansion. Although he says that he can reduce the interest rates as much as possible, if the Fed reduces the interest rates while the energy inflation is increasing by three digits (last month’s annualized) in the environment where the war continues, we will see that its “independence is being discussed”. We saw how crypto took a hit in this scenario last year, and the same thing will happen again.
There is no peace, interest rates are not decreasing, and Trump’s voting support is weakening as the midterm elections approach. As a result, what awaits cryptocurrencies seems to be further decline. We may see deeper bottoms in altcoins as ETH loses $2,300.
