Trump Extends Olive Branch to Iran, Crude Oil Plunges, US Stocks Rebound, Bitcoin Surges Past $70,000

BlockBeats News, March 24th. On March 23rd, U.S. President Trump stated that the U.S. and Iran had engaged in very good and fruitful discussions over the past two days, agreeing to a five-day pause on any military strikes against Iranian power plants and energy infrastructure. After the announcement, Brent crude oil fell by over 14%. Subsequently, Iranian Islamic Parliament Speaker Kalibaf denied engaging in dialogue with the U.S.

The market reacted to the U.S.-Iran situation. According to Bitget market data, Brent crude oil is now trading at $98.25 per barrel, up 1.55%; WTI crude oil is now trading at $91.15 per barrel, up 1.96%, showing a slight rebound after yesterday's sharp decline. Spot gold is currently at $4,338.46 per ounce, down 1.55%, marking the ninth consecutive day of decline; spot silver is at $67.62 per ounce, down 2.16%.

U.S. stocks closed higher on Monday, with the Dow up 1.38%, the S&P 500 up 1.15%, and the Nasdaq up 1.38%. According to an exchange market data, Bitcoin briefly exceeded $71,000, and is now at $70,438.83, with a 24-hour increase of 4.09%; Ethereum is at $2,132.11, with a 24-hour increase of 4.33%.