Bitcoin Rebounds to $77,000 as Trump Says US-Iran Peace Deal Is Near

The U.S.-Iran conflict and the risk of a blockade of the Strait of Hormuz had driven up oil prices and inflation concerns, while also testing Bitcoin’s perceived safe-haven credentials. Reports on May 27, 2026, said the two sides had reached a memorandum providing for 60 days of negotiations, sending WTI as low as $87.77 a barrel. U.S. stocks hit record highs, but BTC fell below $75,000, suggesting investors did not view it as a risk asset that would benefit to the same degree.

The United States and Iran announced an agreement on June 14 and agreed to reopen the Strait of Hormuz. Bitcoin briefly rose to $65,700, while WTI fell nearly 5%. BTC retreated to $66,000 on June 16. After Trump signed an interim agreement on June 18, S&P 500 futures gained 0.9%. However, the Federal Reserve kept interest rates at 3.5%–3.75% and maintained a hawkish stance, sending BTC down another 3% to about $63,900.

The Strait of Hormuz is a vital route for global oil and liquefied natural gas shipments. Conflict between the United States and Iran, along with a naval blockade, had heightened energy-supply risks and weighed on risk assets including stocks and cryptocurrencies. U.S. President Donald Trump's claim that the two sides had reached a peace deal and agreed to reopen the strait marked a key turning point for market risk appetite.

In early trading on Monday, July 20, Bitcoin initially approached $66,000 on the news, reaching a nearly two-week high, before climbing above $67,000 in the latest trading. All three major U.S. stock indexes also rose. Iranian state media, however, said the strait would offer free passage for only 60 days and could impose fees afterward, while U.S. Vice President JD Vance acknowledged that issues remained unresolved in the negotiations.

Bitcoin’s recent rebound is closely tied to prospects for a U.S.-Iran peace deal, underscoring the cryptocurrency’s continued sensitivity to geopolitics, global oil prices and macroeconomic conditions. If the deal collapses, higher energy costs and increased demand for safe-haven assets could weigh on risk appetite and test Bitcoin’s recovery.

Bitcoin had returned to $67,000 as of the latest report, but analysts said on-chain activity and spot trading volume had yet to strengthen in tandem, suggesting weak upward momentum. The report did not identify the analysis firm or provide the peace deal’s exact date. If U.S.-Iran talks subsequently break down, an oil-price shock could amplify Bitcoin’s short-term volatility.

US-Iran nuclear talks have implications for the Middle East and global energy shipments, with the Strait of Hormuz serving as a vital oil route. Conflict risks had driven up oil prices and demand for safe-haven assets, weighing on risk assets such as Bitcoin. A deal and the resumption of shipping would affect energy prices and cryptocurrency markets.

US President Donald Trump said a US-Iran nuclear agreement would be formally signed the following day and that the Strait of Hormuz would immediately reopen to all parties. The announcement sent oil prices lower and Bitcoin higher. The cryptocurrency touched an intraday high of $64,758 before climbing above $65,500 to a two-week high. However, Trump continued to warn of further strikes on Iran, leaving market risks not yet fully resolved.

The conflict between the United States and Iran has heightened geopolitical risks in the Middle East, while concerns over oil supplies and inflation weighed on global risk assets at one point. Bitcoin and crypto-related stocks such as Coinbase and Strategy are highly sensitive to liquidity and safe-haven sentiment, meaning signs of a ceasefire or negotiations are quickly reflected in cryptocurrency prices and U.S. equities.

U.S. President Donald Trump said in July that military operations against Iran were progressing better than expected and that a conflict initially projected to last four to five weeks could end early. He also said U.S.-Iran negotiations had made significant progress. The comments pushed Bitcoin back above $69,000, extended gains in crypto-related stocks and the broader U.S. equity market, and sent oil prices sharply lower.

The United States and Iran have long been at odds over Tehran’s nuclear program, economic sanctions and security in the Middle East. Any escalation could also affect energy supplies and global risk assets. US President Donald Trump has revived negotiations while insisting that Iran cannot possess nuclear weapons, making diplomatic developments an important source of volatility for bitcoin and crypto-related stocks.

Trump recently said Iran had called him and was “desperate to make a deal,” as the two countries advanced a new round of negotiations. He reiterated that he would not accept Iran retaining nuclear weapons. Prediction market Polymarket showed traders raising the probability of a peace agreement by April 30 to 65%. Bitcoin briefly fell below $104,000 before crypto-related stocks broadly advanced.

U.S. President Donald Trump warned that the United States was prepared to bomb Iran, citing suspected covert transfers of Iranian missiles and the U.S. seizure of a vessel carrying Chinese materials. An escalation of the conflict in the Middle East could drive up oil and safe-haven asset prices while putting selling pressure on highly volatile risk assets such as Bitcoin.

Trump recently said the "clock is ticking" for action against Iran and rejected a proposal from Tehran. Iran's air-defense systems were subsequently reported to have intercepted hostile targets. U.S. crude futures briefly surged by $5 on the news, while Bitcoin fell below $76,000 and Ethereum dropped under $2,300. Crypto-related stocks including Coinbase and Robinhood also declined.

The Strait of Hormuz is a vital route for global oil and liquefied natural gas shipments. U.S. President Donald Trump's proposed "Freedom Plan" called for escort operations using allied airspace. Saudi Arabia, angered that it had not been notified in advance, refused to open its airspace. The decision disrupted Washington's security plans and affected the outlook for energy supplies and global risk assets.

As of July 20, 2026, Trump had announced a pause in the Strait of Hormuz escort operation. Signs of progress in talks between the United States and Iran eased geopolitical tensions, lifting global equities and cryptocurrencies. Bitcoin rose as high as $82,850 intraday, reflecting a rebound in investor risk appetite.

US President Donald Trump imposed a 24-hour deadline on US-Iran peace talks and warned that failure to reach an agreement could trigger devastating military action. The situation in Iran has implications for Middle East energy supplies and global financial markets. Any escalation could cause sharp volatility in oil prices, risk assets and cryptocurrencies.

As of July 20, 2026, the New York Post reported that Trump had warned the United States would “completely destroy” Iran if the talks failed, adding that the US fleet had been deployed with its most powerful weapons. The ultimatum and military threat heightened demand for safe-haven assets, sending Bitcoin below the $71,000 mark.

The U.S.-Iran conflict had driven up oil prices and demand for safe-haven assets, weighing on U.S. stocks and crypto assets. Markets therefore closely watched the ceasefire and negotiations brokered by U.S. President Donald Trump. Whether Bitcoin can hold above $70,000 reflects more than risk appetite; it also affects inflation and interest-rate expectations. Both QCP and JPMorgan CEO Jamie Dimon cautioned that a temporary ceasefire does not mean the risks have disappeared.

Risk aversion eased on the 23rd after Trump said U.S.-Iran negotiations had made progress and agreed to give Iran a two-week ceasefire to finalize an agreement. Bitcoin reclaimed $70,000, broke above $71,000 intraday and briefly surpassed $72,000, reaching a three-week high. U.S. stock futures and crypto-related shares also advanced, while total market liquidations were about $152 million.