BroadChain News, April 24, 15:00, according to NewsBTC, US President Donald Trump hinted to the New York Post that diplomatic negotiations with Iran could resume as early as Friday. Within an hour of the news, the Bitcoin futures market reacted swiftly, with Binance open interest rising nearly 2% and CME increasing by 0.5%. CoinGlass data shows that total open interest in Bitcoin futures surged over 8% in 24 hours, breaking through $62 billion, indicating traders are betting on further upside. Bitcoin rose over 4% in the same period, breaking above $78,000, bringing the $80,000 target back into view.
Price movements followed a rebound in US stock indices, with the S&P 500, Nasdaq 100, and Dow Jones all rising about 1%, benefiting from an extension of the ceasefire and strong corporate earnings. However, Iran's stance remains unclear. Tasnim News Agency reported that Iran currently has no plans to negotiate on Friday, directly contradicting Trump's expectations. Iran's Supreme Leader has not communicated directly, and divisions between the Revolutionary Guard and civilian negotiators are adding to uncertainty. Iran also seized two cargo ships after the ceasefire extension was announced, complicating the diplomatic atmosphere.
Bitcoin's 24-hour trading volume fell 30% during the price rise, a classic warning signal in the crypto market indicating that the rally may lack broad participation. Although the $80,000 target has regained attention, thin volume suggests that if geopolitical conditions change, the rally could reverse quickly.