Finally, it looks like the probability of a complete ceasefire between the United States and Iran has increased somewhat. Although it cannot be confirmed whether this will truly be the end, from the current developments, including China's push, and considering that it is already the end of May, the blockade of the Strait of Hormuz has lasted almost three months, and the impact on the global economy has forced many countries to intervene. Therefore, at the very least, the blockade of the Strait of Hormuz should end by the end of May; this should be the most basic agreement.
The information currently available is still very positive. The Iranian ambassador to Pakistan expressed conservative optimism regarding this negotiation, which is the most positive response Iran has given since the ceasefire. Although this does not represent the final outcome, the United States is notably more serious in discussion. Although Trump is still making noise, it is evident that he is retreating towards a complete ceasefire process.
Currently, the price of CLUSDT on the exchange is around 94 dollars, but because the U.S. stock market is closed on Monday for Memorial Day, the CME is still open, so we can also see the fluctuations in WTI prices. However, Trump's intention should be to provide an answer before Monday, so now we just have to wait patiently.
Looking back at Bitcoin's data, today once again proved that the price of $BTC is significantly influenced by U.S. macroeconomic factors and politics. During the day, while many people were talking about seeing 50,000, the news of a ceasefire between the U.S. and Iran in the evening turned BTC from a decline into an increase. There's no need to say more; BTC is currently a precursor to U.S. stock market sentiment, after all, the U.S. market will remain closed until Monday.
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