The US and Iran have reached a two-week temporary ceasefire agreement, causing a sharp drop in oil prices, while Bitcoin has surpassed $72,000.

April 8 (Tuesday) – Former President Trump said he has agreed to suspend bombings and attacks against Iran within two weeks. Earlier on the 8th local time, Iran’s Supreme National Security Council issued a statement noting it accepted Pakistan’s ceasefire proposal, based on the Supreme Leader’s suggestion and the council’s approval. Iran added U.S.-Iran negotiations will kick off in Islamabad on April 10. Per Bitget market data, easing Middle East tensions pushed Nasdaq futures gains to 2%; WTI crude oil plunged 15% to fall below $100; spot gold jumped over 3.2% to trade at $4,811/oz; Bitcoin rebounded above $72,000, currently at $72,460 with a 24-hour gain of 5.52%. CoinGlass data shows over the past 12 hours, on-chain crude oil liquidations totaled $34.75 million, while Brent crude liquidations hit $31.02 million — both primarily long positions being liquidated.