Senior market analyst Geoffrey Kendrick pointed to the SpaceX IPO and a potential U.S.-Iran peace deal as the dual catalysts ending the recent crypto selloff.
Senior officials of the US government have stated that Iran has accepted the wording of the agreement, and the date and location of the agreement's signing have not been finally confirmed. The signing date and location are now close to being determined.
Senior US government officials have stated that the United States has seen substantial progress in negotiating the agreement text, and all parties have reached specific arrangements for the destruction and transfer of enriched nuclear materials.
The Federal Reserve's overnight reverse repurchase agreement (RRP) had a usage scale of $454 million on Friday, with 6 counterparties and a reported value of $460 million in the previous trading day.
