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Bitcoin traded near $73,996 during Monday’s Asian trading session, up 2.5% over the past 24 hours. This retreat came after tensions escalated in the Gulf over the weekend, with American forces responding to an Iranian ship on Sunday.
High-risk assets saw a general decline as the deadline for the ceasefire approached and military disputes increased to undermine hopes of pacification.
the detention of the ship Yazid is afraid of the escalation of the war
The American Navy USS Suburban stopped the engine room of the ship Al-Shahan al-Suburban after six hours of orders to stop which did not receive a response. The Joint Military Command in Tehran described the inspection process as illegal and illegal against American naval assets. The detention is considered to be the first since Washington began to implement the blockade.
Crude oil futures rose after this incident, as traders remained firm after the crash on the shipping lanes in the Gulf for a longer period. Usually, about five percent of the oil transported by sea in the world passes through the strait, and it stops moving. The Iranian National Security Council stated that restrictions on movement will continue until the end of hostilities.
An American team led by Vice President Jeh de Fanes arrives in Islamabad on the day of the new negotiations. Special envoys Steve Wittkoff and Jared Kushner will return for another round later Last weekend session. The official media in Tehran expressed doubts about whether the meeting on Monday was going to be a new complaint from Washington.
The American president also warned against strikes targeting the electricity network and bridges. Although Bitcoin fell on Sunday, it is still higher by 4.3% compared to 4.3% last week, which keeps the weekly trend up.
Traders observe the end of the truce on Wednesday
Daily trading ranged between $73,886 and $76,165, with the greatest pressure in the Asian morning. The total market value settled at around $1.48 trillion, while the trading volume reached $1 trillion during the same period.
The market is currently focused on the date of the end of the ceasefire on Wednesday, which is a point of significant pressure on the performance of high-risk assets. If diplomatic efforts have stalled, it appears that additional US operations are underway to pressure digital assets and stocks.
