Futures
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CFD
Gold
One platform for global traditional assets
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Hot
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Futures Points
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According to Guru Club, crude oil futures plummeted more than 9% overnight on May 24th Beijing time, with WTI and Brent both falling sharply at 5:20 UTC. In response to this development, major cryptocurrencies surged; Bitcoin increased by 1% to $76,655, while over 120,000 traders were liquidated across the entire crypto market in the previous 24 hours.
The oil sell-off occurred after comments from U.S. President Trump on May 23rd, when he announced on social media that the U.S. and Iran had reached a preliminary agreement on core terms, pending final approval from both countries and relevant Muslim nations. Trump stated that the Strait of Hormuz is expected to be opened according to the agreement.