Trump's Iran Strike Halt Causes Market Turmoil, Oil Plunges, US Stocks Rebound, Bitcoin Surges Past $70K

BlockBeats News, March 24th. On March 23rd, U.S. President Trump stated that the U.S. and Iran had engaged in very good and fruitful dialogue over the past two days, suspending any military strikes against Iran's power plant and energy infrastructure for five days. After the announcement, Brent crude oil fell by more than 14%. Iran's Islamic Consultative Assembly Speaker Kalibaf later denied dialogue with the U.S.

The market reacted to the U.S.-Iran situation. According to Bitget market data, Brent crude oil is currently priced at $98.25 per barrel, up 1.55%; WTI crude oil is priced at $91.15 per barrel, up 1.96%, experiencing a slight rebound after a sharp drop yesterday. Spot gold fell to $4,100 per ounce at one point yesterday, now rebounding to $4,338.46 per ounce, a decrease of 1.55%, marking the ninth consecutive day of decline; spot silver is currently priced at $67.62 per ounce, down 2.16%.

U.S. stocks closed higher on Monday, with the Dow up 1.38%, the S&P 500 up 1.15%, and the Nasdaq up 1.38%. According to HTX market data, Bitcoin briefly surpassed $71,000, and is now trading at $70,438.83, with a 24-hour increase of 4.09%; Ethereum is currently priced at $2,132.11, with a 24-hour increase of 4.33%.

The Nikkei 225 Index opened today (Tuesday) with an increase of 894.86 points, up 1.74%, at 52,410.35 points. The South Korean KOSPI Index opened on March 24th (Tuesday) with an increase of 236.56 points, up 4.38%, at 5,642.31 points.