Bitcoin Near $83,000 While Oil Crashes 12% below $90 – Cryptoquant eyeing $93K
The post Bitcoin Near $83,000 While Oil Crashes 12% below $90 – Cryptoquant eyeing $93K appeared first on Coinpedia Fintech News The worlds largest cryptocurrency Bitcoin has climbed close to $83,000, hitting this level for the first time since January 31. The overall crypto market also moved up about 2%, reaching around $2.73 trillion. At the same time, oil prices dropped 12% below $90 after Islamic Revolutionary Guard Corps confirmed safe passage through the Strait of Hormuz. Now, traders are closely watching the $93,000 level, as CryptoQuant says it matches a key “CME gap” that Bitcoin often tends to revisit. U.S.-Iran Peace Deal Boosts Market Sentiment Over the past week, Bitcoin has climbed steadily from around $75,000 to nearly $83,000, driven by growing optimism around the U.S.–Iran negotiations. The latest rally follows reports that the United States and Iran are close to finalizing a 14-point agreement that could end the conflict within the next 48 hours. Under the proposed deal, Iran would pause uranium enrichment and allow United Nations inspections. In return, the U.S. may ease sanctions and release frozen Iranian assets. This progress has also improved the outlook for global trade, with expectations that oil flow through the Strait of Hormuz could return to normal after earlier