Israeli Prime Minister Benjamin Netanyahu stated that Israel has agreed to enter into direct negotiations with Lebanon. Boosted by this news, the S&P 500 index rebounded late in the session, and oil prices pulled back from their intraday highs. Bitcoin briefly surged to 73K this morning, and the Fear and Greed Index has risen to a neutral zone of 46. However, the Altcoin Season Index remains sluggish, indicating that overall market sentiment has not yet fully recovered.

Israel Agrees to Negotiate with Lebanon, US Stocks Reverse Late in the Session

Israeli Prime Minister Benjamin Netanyahu agreed to hold direct talks with Lebanon, focusing on disarming the Iran-aligned Hezbollah. Trump has asked him to reduce airstrikes to ensure the success of negotiations with Iran.

On Tuesday night in the US, Trump agreed to suspend attacks on Iran. However, this bilateral ceasefire agreement is premised on Iran agreeing to reopen the Strait of Hormuz. The Iranian Foreign Minister stated in a declaration that as long as all attacks cease, Tehran agrees to reopen the waterway within the next two weeks. Media reports indicate that Israel has also agreed to a ceasefire.

However, since the announcement of the ceasefire agreement, the overall traffic situation in the strait has not improved. Trump stated on Wednesday that US troops will remain deployed in and around Iran until Tehran fully complies with a "real agreement." He also warned that any breach would trigger an unprecedented military response. Boosted by the news of Israel agreeing to negotiate with Lebanon, the S&P 500 index rose late in the session, and oil prices retreated from their daily highs.

Bitcoin Surges to 73K This Morning

The cryptocurrency market rose by 1.07% within 24 hours, reaching $2.44 trillion, primarily driven by ceasefire optimism and rallying in sync with the US stock market. The Fear and Greed Index has risen to a neutral level of 46, but the Altcoin Season Index remains sluggish, showing that overall market sentiment has yet to fully warm up.

Bitcoin briefly spiked to 73K this morning. A Glassnode report comparing spot prices with key on-chain pricing models reveals that the market structurally remains in a bearish zone. The true market mean currently sits at $78,000, and as Bitcoin's price rebounds to this area, it may encounter strong selling pressure from recent buyers. Bitcoin will only have the opportunity for a significant upward move once this selling pressure is digested.

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