Bitcoin climbed to nearly $81,900 while Nasdaq futures gained more than 1% after reports signaled potential progress toward a U.S.-Iran peace agreement. The shift in sentiment triggered a broad risk-on move across global markets as investors reduced exposure to energy-driven inflation concerns.
Crude oil prices dropped about 6%, marking one of the sharpest declines since the Iran conflict began earlier this year. Traders reacted to expectations that a potential agreement could ease disruptions in the Strait of Hormuz and stabilize global energy supply chains. The decline in oil prices also supported technology and crypto assets by improving expectations for lower inflation and a more accommodative Federal Reserve policy.
Market participants remain focused on whether negotiations between Washington and Tehran can produce a formal agreement in the coming days.
