Bitcoin Recovers as Trump Plans Iran Peace Agreement

Cryptocurrency markets regained approximately $75 billion in value after Donald Trump said on Saturday that a peace agreement involving Iran could be close.

In a post published on his Truth Social platform, Trump stated that a deal between the United States and Iran had been “largely negotiated,” with participation from countries including Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain.

“An agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other countries,” Trump said. “Final aspects and details of the deal are currently being discussed and will be announced shortly. In addition to many other elements of the agreement, the Strait of Hormuz will be opened.”

Strait of Hormuz concerns continue influencing global markets

The closure of the Strait of Hormuz has contributed to rising energy prices worldwide, increasing pressure on living costs and weighing on higher-risk investments, including cryptocurrencies. Trump’s comments come amid a fragile ceasefire that began in early April, following multiple unsuccessful attempts to secure an agreement between the US and Iran.

Meanwhile, US Secretary of State Marco Rubio reiterated Washington’s conditions for a peace agreement during a visit to India on Saturday. “Iran can never have a nuclear weapon. The straits need to be open without tolls. They need to turn over their enriched uranium,” Rubio said.

Bitcoin rebounds after falling to five-week low

The broader crypto market reacted positively to the geopolitical developments. According to TradingView data, Bitcoin fell to a five-week low of $74,250 on Saturday before recovering. The asset later climbed toward its 50-day exponential moving average near $77,000 in early Sunday trading before easing back to around $76,800.

Despite the rebound, Bitcoin remains under pressure after failing to break resistance around $82,000 and continues to trade roughly 39% below its October peak. The recent price action highlights how geopolitical developments and macroeconomic uncertainty continue to influence sentiment across cryptocurrency markets, particularly for higher-risk assets.

Sources:

https://cointelegraph.com/news/bitcoin-bounces-as-trump-prepares-to-announce-negotiated-iran-deal

https://truthsocial.com/@realDonaldTrump/posts/116625784011805994

https://www.tradingview.com/symbols/BTCUSD/?exchange=COINBASE