Trump Calls US-Iran Agreement 'Basically Done,' White House Reports Gunfire Again, Oil Price Plunges, Bitcoin Sees V-Shaped Recovery

BlockBeats News, May 24th. Despite it being the weekend, a series of major news overnight and this morning has caused a market turmoil: Trump stated that the US-Iran agreement is "basically agreed upon." The New York Times revealed that Iran has agreed to a memorandum of understanding, including ceasing all fighting on all fronts, including Lebanon, reopening the Strait of Hormuz, lifting the US naval blockade, allowing free commercial passage, and releasing $250 billion of frozen Iranian assets. The nuclear issue will be further negotiated in the next 30 to 60 days.

It is worth noting that this negotiation agreement is not only unilaterally optimistic from the US side, but Iran also released full optimistic expectations last night. Therefore, this negotiation may be more credible.

Just hours later, the White House where Trump is located experienced another shooting incident. The White House was subsequently locked down. The suspect in the shooting incident died in the hospital.

Due to the above events, crude oil plunged rapidly. According to Bitget's market data, Brent crude oil plummeted from $102 to $94.2.

Bitcoin, on the other hand, saw a V-shaped rebound. After bottoming out above $74,000, it continued to rebound and is now trading at $76,739.18, with a 24-hour gain of 1.61%.