Trump's Negotiation Remarks Drive US Stock Rally, Bitcoin Returns to 70K, Oil Price Plunges 15% at Once

U.S. President Trump claims progress in Iran negotiations, causing intense fluctuations in global financial markets: U.S. stocks rise over 1% across the board, WTI crude oil plunges as much as 13% before recovering, and Bitcoin quickly rebounds 4% to retake the $70,000 level. However, news of attacks on Iran’s energy facilities has quickly cooled optimistic sentiment.

U.S. Stock and Cryptocurrency Market Statistics: “Trump Negotiation Remarks” Trigger Broad U.S. Stock Rally

Today, President Trump publicly announced that progress has been made in U.S.-Iran talks, expecting an agreement soon, and hinted at a pause in military strikes against Iran’s energy facilities. Following the news, investor sentiment surged rapidly, and all three major U.S. stock indices closed higher on Monday.

(Trump announces a five-day pause on strikes against Iran’s energy facilities, stating a “major agreement” has been reached)

The S&P 500 rose 74.52 points (+1.15%) to close at 6,581.00; the Dow Jones Industrial Average surged 631 points (+1.38%) to close at 46,208.47; the Nasdaq gained 299.15 points (+1.38%) to close at 21,946.76. Optimism about de-escalation of conflict was the main driver behind this rally.

Oil prices sharply fell 15% before bouncing back quickly, mainly due to surprise attacks on Iran’s energy facilities by the U.S. and allies

Meanwhile, Brent crude futures briefly plummeted nearly 15%, falling below $100 per barrel, before recovering to $100.02; WTI crude also dropped sharply by 15.8%, then stabilized at $90.29 per barrel.

The key reason for the rebound in oil prices is believed to be a report from Iran’s official news agency, Fars News, stating that U.S.-led coalition forces jointly carried out airstrikes on two energy facilities inside Iran on the 24th, including a gas management building in Isfahan and pipeline infrastructure at the Khorramshahr power plant in the southwest, affecting nearby residential areas.

The Iranian Revolutionary Guard promptly issued a stern warning, vowing to target Israeli power facilities and U.S. military bases in retaliation, reigniting geopolitical tensions.

Bitcoin Rebounds to $70K, Derivatives Market Remains Cautious

Following Trump’s remarks on negotiations, Bitcoin surged about 4% within minutes, successfully retaking the $70,000 level, in line with the overall risk asset rebound. However, signals from the derivatives market remain cautious.

Deribit Exchange Bitcoin Options Data Expiring April 24

According to options data from Deribit, the call options with an expiry on April 24 and an strike price of $80,000 are priced at 0.0155 BTC (about $1,092), with an implied volatility of 48.2%. Market pricing indicates only a 20% chance of Bitcoin reaching $80,000 within the next month, suggesting that despite short-term price recovery, investors remain skeptical about medium-term bullish momentum.

Cryptocurrency ETF Flows: Bitcoin Dominates, Ethereum Reverses Outflows

Data from CoinShares shows a clear divergence in crypto ETF fund flows last week. Bitcoin ETFs accounted for nearly all inflows, attracting $219.2 million; meanwhile, Ethereum ETFs saw outflows of $27.5 million, ending three consecutive weeks of net inflows.

Asset Class Crypto ETP Fund Flows (in millions USD)

Solana ETFs continued to show strong inflows, marking the seventh consecutive week of capital entering, with $17 million this week, bringing total holdings to $136 million, making it one of the most favored crypto ETF assets among institutions in recent months.

Since the beginning of the year, crypto ETFs have attracted over $1.4 billion in total funds, with Bitcoin ETFs leading at $1.2 billion. The total assets under management for all crypto ETFs now reach $138 billion.

This article, “Trump’s Negotiation Remarks Drive U.S. Stocks Higher, Bitcoin Returns to $70K, Oil Price Plunges 15%,” first appeared on Chain News ABMedia.