The main focus today is the negotiations between Iran and the U.S. in Pakistan. There’s no concrete result yet, but that’s kind of expected. When the ceasefire first started, everyone had pretty high hopes, but after seeing Israel continue its attacks on Lebanon, the chances of reaching an agreement in one go have dropped significantly. Still, as long as the U.S. and Iran don’t resume attacking each other, the market will remain somewhat optimistic. In the short term, the market is leaning optimistic, but this optimism could easily weaken if oil prices rise again. Although WTI has been hovering around $98 over the past week, risk markets are still quite upbeat. Whether this optimism can last into next week is hard to say. On Monday morning, we’ll see how Asian investors react via CME, and by the evening, when the U.S. market opens, we’ll get a sense of how Europe and the U.S. are responding. This weekend, Trump stirred things up again, threatening to block the Strait of Hormuz. Iran, of course, isn’t going to take that lying down. For now, achieving a temporary ceasefire is already a decent outcome for both Iran and the U.S. Hopefully, both sides can continue to exercise restraint, but reopening the Strait of Hormuz in the short term seems unlikely. Back to Bitcoin data—although there were some fluctuations over the weekend, they’re all within normal ranges. Like I’ve been saying, this rebound is most likely driven by the ceasefire rather than a trend reversal in the market. A true reversal for the U.S. and BTC, especially the entire crypto sector, will probably depend on monetary policy. Bitget VIP—lower fees, bigger perks!