Trump Calls US-Iran Agreement 'Basically Done,' White House Again Echoes Gunfire, Oil Plunges, Bitcoin Sees V-Recovery

BlockBeats News, May 24th. Despite the weekend, a series of heavyweight news overnight and this morning has triggered a market shock: Trump said the US-Iran agreement is "practically negotiated." The New York Times revealed that Iran has agreed to a memorandum of understanding, including ceasing all fighting on all fronts including Lebanon, reopening the Strait of Hormuz, lifting the US naval blockade, allowing free commercial passage, and releasing $250 billion of frozen Iranian assets. The nuclear issue will be further negotiated in the next 30 to 60 days.

It is worth noting that this negotiation agreement is not only unilaterally optimistic from the US side, but Iran and Middle Eastern media also released ample optimistic expectations last night. Therefore, the bullish sentiment of this negotiation may be more credible.

Just hours later, the White House where Trump is located was once again the target of a shooting. The White House was consequently locked down. The shooting suspect later died in the hospital.

Impacted by the above events, crude oil experienced a rapid plunge. According to Bitget, Brent crude oil plummeted from $102 to $94.2.

Bitcoin, on the other hand, saw a V-shaped rebound. After bottoming above $74,000, it has continued to rebound and is now trading at $76,739.18, with a 24-hour gain of 1.61%.