US EditionBitcoin Climbs as Trump Grants Five Days for Iran Negotiations
Bitcoin surged over 5% to nearly $71,800 after President Trump delayed Iran strikes and talks began, easing geopolitical risks and boosting market optimism.
- United States President Donald Trump announced on Monday that talks began with Iran, raising hopes for conflict de-escalation and lifting risk assets 1.5 per cent higher.
- Bitcoin had previously fluctuated around a two-week low of US$67,371 after Trump threatened to strike Iranian energy facilities, creating volatility since the conflict began in late February.
- The original cryptocurrency advanced more than five per cent to trade as high as US$71,794 in New York, while smaller tokens including Ether and Solana also rose.
- Iran's parliament speaker, Mohammad Bagher Ghalibaf, dismissed the claims as 'fake news' used to manipulate markets, while analysts at Laser Digital cited a need for "resumption of normal traffic through the Strait of Hormuz."
- Treasury yields and the dollar declined as traders pared back hawkish Federal Reserve bets. Alex Kuptsikevich, chief market analyst at FxPro, said the current crypto market situation "does not appear as severe" as late February.
17 Articles
17 Articles
Bitcoin climbs as Trump grants five days for Iran negotiations
Bitcoin rose alongside equities while oil prices fell after U.S. President Donald Trump said the U.S. had begun talks with Iran, raising hopes for a deal to ease the conflict. The original cryptocurrency advanced more than 5% to trade as high as $71,794 in New York before paring some of the gain. Smaller tokens including Ether and Solana also rose. Bitcoin had earlier on Monday been fluctuating around a two-week low, sliding as far as $67,371 —…
Crypto Market Rallies as Trump Announces 5-Day Pauses on Iran Strikes
Trump’s temporary pause on Iran strikes fuels crypto surge as Bitcoin jumps to $71K. $799.88 M crypto liquidated in the last 24 hours as market fear quickly fades. Ethereum and Solana move higher after Trump signals Middle East tensions are cooling. Global markets jumped on Monday after US President Donald Trump announced a five-day temporary pause on Iran strikes. The decision eased market tension and pushed flashship cryptocurrency Bitcoin to …
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