Financial markets saw major volatility recently, particularly Bitcoin, which soared to a five-day peak of $68,500 before facing a sudden downturn. The primary catalyst for these sharp fluctuations appeared to be a statement from Iran’s President, Mohammad Pezeshkian, indicating that Iran is willing to conclude the conflict with the US if certain assurances are met.

However, details regarding what those assurances entail remain unclear, and analysts are expecting more information soon.

BREAKING: Iran’s President Pezeshkian announces Iran’s readiness to end the war with the US, contingent on receiving guarantees. US stocks surged upon this news. source

In addition to Bitcoin’s fluctuations, the S&P 500 also underwent significant changes, rising rapidly from 6,320 to 6,520 in a matter of moments. Conversely, oil prices experienced a sharp decline of 5% almost instantly.

USOIL fell from $105 per barrel to below $100 but later stabilized around $102. These price moves represent multi-trillion-dollar fluctuations occurring within just a few hours, including an earlier drop from $107 to $101, followed by a rebound to $105.

US Oil Price on TradingView

Sources of volatility: Crypto Potato