Huo Xing Finance reports: On November 10, significant progress was made in the U.S.-Iran negotiations overnight and this morning. According to media reports, the U.S. agreed to allow Iran to maintain its uranium enrichment level at a maximum of 3.67%, which Iran has accepted. Both sides are also arranging discussions regarding the return of International Atomic Energy Agency inspectors to Iran and are expected to reach a preliminary agreement on Iran’s uranium enrichment levels. Following this news, Brent crude oil futures plunged nearly 8% during trading. After meeting with the Prime Minister of Qatar on Monday, Trump stated that military action is currently unnecessary; should the situation in the Middle East change, the U.S. is ready to act, but such an outcome now appears “highly unlikely.” In response to this news, the U.S. stock market saw its largest one-day gain in seven months: the S&P 500 and the Dow Jones Industrial Average both closed up over 2%. The chip index rose nearly 7%, with a two-day cumulative gain of 11%. Among individual stocks, data from the BIT stock platform shows AMD rose over 10%; SpaceX gained nearly 6%. Amid the Huang Renxun incident, NVIDIA declined sharply by 4.27%. AI-related stocks continued to recover: Coherent rose nearly 17%, Lumentum gained over 10%, and MRVL rose 9.49%. In the storage sector, SNDK climbed 6.16%, while STX and WDC both rose nearly 10%. In the neocloud sector, NBIS rose 9.24% and CRWV gained 5.56%. Oil prices were pressured by expectations of easing geopolitical tensions: Brent crude briefly fell nearly 8%, while WTI crude dropped over 6%. Meanwhile, as the U.S. dollar index retreated, copper and precious metals such as gold and silver rebounded. Notably, according to market data, Bitcoin—which had previously shown relative resilience—performed weakly during this rally and has yet to recover its losses from early this morning, currently trading at $75,337.00.
U.S.-Iran nuclear talks make progress; Bitcoin remains range-bound
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Summary
Bitcoin news shows the cryptocurrency remains range-bound at $75,337 as U.S.-Iran nuclear talks make progress. The U.S. reportedly agreed to allow Iran to maintain uranium enrichment at 3.67%, with IAEA inspectors set to return. Crude oil prices fell nearly 8%, while U.S. stocks rebounded sharply. Altcoins to watch have seen little movement amid broader market shifts.
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