Oil Prices Crash 20% After Ceasefire Deal as BTC and Gold Surge

Oil Prices Crash 20% After Ceasefire Deal as BTC and Gold Surge

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News After a few consecutive days of warning shots, the US and Iran reached a two-week cease-fire, which would allow them to negotiate for a permanent peace deal. Financial markets responded immediately to the news, but in opposing ways. While most assets, such as BTC, gold, and stocks, went up, oil, which had rocketed after the war began, dumped hard. Given the significance of the region, oil prices were impacted the most after the initial strikes began on February 28. USOIL traded below $70 per barrel at the time, but skyrocketed to $120 in just a week or so. More volatility ensued in the following weeks followin

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