The US-Iran Talks Continue as Israel Gears Up for ‘Preparations,’ Bitcoin and Oil Experience High Volatility

BlockBeats News, May 4th. Yesterday morning, the US-Iran negotiations transitioned from a "war of words" to a substantive "exchange of texts" phase, but the differences remain stark. On one hand, details of Iran's 14-point proposal, relayed to the US through Pakistan, have been revealed: progressing in three stages, achieving a comprehensive ceasefire within 30 days, lifting the port blockade, synchronously opening the Strait of Hormuz, and involving nuclear activity arrangements. On the other hand, the US has responded formally to Iran's proposal through Pakistan. Trump stated that the US-Iran dialogue is currently "productive," while also initiating actions to guide stranded ships out of the Strait of Hormuz.

During this period, Israel has raised a "big stick," announcing a "gag order" on ministers and intensifying preparedness for combat.

As a result, Bitcoin and crude oil saw high volatility this morning. Crude oil opened lower but rallied after the traditional main markets opened, with WTI crude oil currently at $102.1.

Bitcoin, on the other hand, exhibited the opposite trend compared to crude oil: after briefly surpassing $79,000 this morning, it quickly retreated and is now at $78,509.70.

Overall, the progress of US-Iran negotiations is limited, with multiple parties still making "two-way statements, while preparing both hands." However, Bitcoin remains relatively strong, holding above $78,000 for now. Whether it can break out of this consolidation range will depend on which narrative, "geopolitical risk aversion" or "institutional allocation," takes the lead.