Oil prices dropped sharply late April 7 while Bitcoin climbed back toward $70,000, as markets reacted to signs that a last-minute diplomatic breakthrough between the US and Iran may be close. Reports from CNN citing a regional source said “some good news is expected from both sides soon,” with expectations that a deal could be finalized before President Donald Trump’s deadline expires. The shift in tone comes just hours after markets braced for potential escalation in the Middle East. Bitcoin rebounded to around $69,900, recovering intraday losses, while oil pulled back from earlier highs as traders priced in a lower risk of supply disruption