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$BTC $ETH The “echo chamber effect” of the US-Iran return to negotiations is becoming stronger, and the market is becoming more optimistic
Golden Finance reported that on April 14, sources said the US and Iran delegations will hold negotiations in Pakistan later this week. Investinglive analysts said this is essentially the same information they heard earlier on Tuesday, that both sides plan to hold talks in Islamabad on Thursday. But as this “echo chamber effect” grows stronger, we see market participants beginning to be influenced by this optimism and falling in line. Interestingly, although the latest developments are actually just a reshuffling of last week’s situation, the market has become increasingly convinced that positive results will follow. Meanwhile, the real-life blockade situation in the Strait of Hormuz has continued even longer. At the same time, we must not underestimate the possibility of reaching some form of peace agreement. Especially considering how urgently US President Trump wants to push this forward, it feels like we will ultimately reach an agreement. The only question is what will happen next in the Strait of Hormuz and how things will develop. Currently, market participants are turning a deaf ear to these questions and instead choose to go along with the flow. (Jin10)