Positive earnings reports from technology companies support cryptocurrencies. Trump, who gave Iran time, has not yet increased his attack threats, which shows that he is waiting for the right time, so it can be said that the pressure has weakened somewhat, at least in the short term. So, what is the latest situation in the US markets and cryptocurrencies?
US markets latest situation
Intel and SAP paved the way for the rise of technology stocks with positive earnings reports. The Nasdaq 100 is on a four-week upward streak. Oil is still high as we see no sign of US-Iran tensions easing, but the rise remains limited as it is clear that tensions have not increased, at least on the ground.
Intel gained 29% in premarket trading following strong sales forecasts. TSMC rose 5% in Taipei after authorities relaxed restrictions on single-stock fund ownership. Nasdaq 100 futures While it is up nearly 1%, S&P 500 futures are volatile, and if it doesn’t recover, it could be the first weekly decline since March.
Especially SAP artificial intelligence It reversed past negative pricing with its strong earnings report as it allayed concerns that it would upend the software industry.
Iran and Cryptocurrencies
Washington and Tehran have failed to agree on how to conduct negotiations to resolve the crisis. But the Iranian Foreign Minister is expected to arrive in Islamabad on Friday night. This indicates that the possible Sunday meeting, which is just a rumor for now, may take place.
With convincing closes above $75727 BTC It broke out of the parallel channel and is targeting its previous range at $80285. If talks take place on Sunday, this goal can be achieved quickly. $77,500 is an important threshold for the rise to continue.
Making a statement at the time the article was being prepared, US Secretary of War Hegseth said;
“Iran has a chance to make a good deal. So far, 34 ships have been turned away from the Strait of Hormuz. Iran will not have nuclear weapons. The USA has imposed an unshakable blockade.
A second US aircraft carrier will also join the blockade. Our blockade is expanding and becoming global. Iran has a chance to make a wise choice at the negotiating table. The blockade will continue no matter how long it lasts. “Time is not working in Iran’s favor.”
