Bitcoin Price Holds Near $77K as Trump Signals Iran Ceasefire Extension
Bitcoin price steadied around $77K after dipping to about $74K on Saturday. The rebound came after U.S. President Donald Trump provided an update on the state of the Iran deal, with markets largely reading it as an extension of the existing ceasefire.
Analysts pointed to progress toward a 60-day ceasefire extension (citing commentary such as the Kobeissi Letter). On Memorial Day, trading was quieter due to market closures, and Bitcoin price remained slightly above $77K.
The week ahead includes major catalysts for risk assets: U.S. May consumer confidence data (Tuesday), Q1 2026 GDP (Thursday), and additional inflation-related context via PCE inflation data (referenced as Thursday’s focus).
ETF flows added another layer of pressure. Spot Bitcoin ETFs posted one of their worst weeks from May 18 to May 22, with more than $1.2B in outflows. Ethereum ETFs also saw declines, while some alt-focused products recorded inflows.
Altcoins were mostly flat. ETH was roughly unchanged. BNB rose ~0.5%, TRX ~0.3%, while XRP, SOL, DOGE, and ADA slipped around 0.3%. HYPE cooled after a strong 7-day run (+40%+), though it stayed among the top projects by market cap. Top 24-hour gainers included DEXE (+20%), STABLE (+15%), and XDC (+9.6%). Uniswap’s UNI fell (-2.7%) and led laggards, alongside Kaspa (KAS) and Sui (SUI).
Neutral
The news is supportive in the sense that Bitcoin price stabilized after Trump’s Iran-related update, and the market appears to have interpreted it as a likely 60-day ceasefire extension. That reduces immediate geopolitical “tail risk,” which can help short-term sentiment.
However, the ETF backdrop is a key counterweight: spot Bitcoin ETFs recorded more than $1.2B in outflows during May 18–May 22, and Ethereum ETFs also fell. In similar prior episodes, crypto often finds a short-term technical floor while ETF flows continue to cap rallies until outflows slow.
With Memorial Day/holiday liquidity thinner and a busy macro calendar ahead (PCE, GDP, consumer confidence), traders may remain range-bound. Short term, Bitcoin price may trade sideways as participants wait for macro prints and any confirmation of the ceasefire timeline. Longer term, if ceasefire negotiations progress while ETF outflows stabilize, risk appetite could improve and support a trend recovery. If ETF selling persists or macro data disappoints, the stabilization could fail and revert to a bearish range.