A lot of friends are asking if the U.S. and Iran are having issues again, causing both the U.S. stock market and bitcoin:native to drop? Actually, you can tell from WTI prices that things between the U.S. and Iran are progressing quite well. WTI has already dropped to $87, which shows the market expects positive progress in U.S.-Iran negotiations. One of the likely reasons for the drop is tomorrow's CPI data. I mentioned on Monday that the May CPI forecast isn't looking good. Last time, when April's inflation data came out, rising oil prices pushed inflation higher, which caused risk markets to drop. Tomorrow's CPI is very likely to continue climbing, so it's normal to see some risk-off sentiment. This is also why Trump is in such a rush to resolve U.S.-Iran issues before Wednesday's CPI release, at least to address the Strait of Hormuz situation. But as of now, it doesn’t seem that simple. Tomorrow just happens to be my monthly DCA (dollar-cost averaging) day. This time, I'll wait until the evening to invest. Bitget is here, and you're instantly VIP! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.