BTC and ETH Today it has experienced a significant increase and a ceasefire with Iran is on the agenda. But at the same time, attacks on Iran continue. The rise in cryptocurrencies may quickly reverse with Iran denying the ceasefire, but there is no development in this direction for now. BitMine and Strategy continue to accumulate.
ceasefire with Iran
In the past hours, there have been reports that Iran wants a ceasefire. At the time of writing, Axios says that a ceasefire is on the table, but Trump has not yet approved the plan at this stage. From the White House The report, based on a senior official, contains the following details.
“A 45-day ceasefire plan between the United States and Iran is one of several proposals currently being discussed.
Trump hasn’t confirmed it yet. “Operation “Epic Fury” continues.”
While the White House leak was on the agenda, Fars News Agency announced that the petrochemical complex in Marvdasht, Iran, was attacked. Breaking headlines in the coming hours will determine the direction of cryptocurrencies.
Oil It dropped below $110 but it is not continuing its decline. Depending on future news, the change we will see in this chart will also trigger big movements in BTC and altcoins. Trump, who talked about the agreement on March 23 and rapidly reduced the oil price, was denied on the same day. The new attacks launched subsequently push oil to its previous peak.
BTC and ETH purchases
Michael Saylor’s company continues to acquire. Strategy, 4,871 for $329 million at an average cost of $67,718 BTC bought more. As of today, the company’s assets have increased to 766,970. Total average cost fell to $75,644, and cash spent on all purchases exceeded $58 billion.
As a Monday classic BitMine He also announced that he made a purchase. BitMine received 71,252 ETH last week. Tom Lee said the following about the current situation;
“The Iran war is entering its 6th week and it remains the most important driver of global markets. ETH is the second best-performing asset with a 6.8% gain since the start of the war, outpacing the S&P 500. Additionally, ETH outperforms gold by 1,840 basis points, showing that ETH is a store of value in wartime. Currently, this war is having more impact on risk markets than global central banks.”
