Bitcoin price jumps to $77K after Trump Iran peace signal
Bitcoin price surged back toward $77,000 after President Donald Trump signaled progress toward an Iran peace deal, reversing Friday–Saturday selling pressure. After trading slipped from above $77K to a monthly low around $74,200 amid Middle East escalation fears, the bounce accelerated immediately following Trump’s remarks.
Trump said the U.S. and regional leaders discussed an MoU related to “PEACE,” noting that “an agreement has been largely negotiated” and that “final aspects and details… will be announced shortly.” He also stated that the Strait of Hormuz would be opened as part of the arrangement, and said his call with Israel’s prime minister “went very well.”
Still, messaging from both sides remains mixed. Iran’s Fars News claimed American officials warned Trump’s posts were largely promotional and advised Iran not to treat them as substantive. Meanwhile, The New York Times reported Iran had agreed to give up highly enriched uranium under the new deal.
Market impact was fast: Bitcoin (BTC) trades just under $77K after erasing most losses. The broader tape followed—Ethereum (ETH) rallied from roughly $2,000 to above $2,100, while NEAR (NEAR), ONDO (ONDO), MORPHO (MORPHO), and HYPE (HYPE) posted larger gains. CoinGlass data cited more than $300 million in shorts liquidated as the move snapped upward.
For traders, this is a classic headline-driven volatility event where BTC price momentum can persist if deal optimism strengthens, but reversals remain possible given conflicting Iran/U.S. reports.
Bullish
Trump’s headline shifted the market from “deal may fail / escalation risk” toward “peace progress,” which directly powered the Bitcoin price rebound and triggered a squeeze. The rapid reversal after BTC fell to ~74,200 suggests traders used the initial dip as a liquidity pocket and then covered shorts once risk sentiment improved.
The >$300M shorts liquidated signal is key: squeezes often extend momentum for days if follow-up headlines confirm negotiations. Historically, crypto tends to react strongly to sudden geopolitical headlines (e.g., ceasefire/negotiation optimism) with sharp intraday moves, followed by volatility as contradictory updates appear.
Short-term: expect elevated BTC price volatility and potential continuation if “finalization/announcements” come through. Long-term: if the Iran track meaningfully reduces Middle East tail risk, it can support broader risk-on sentiment; if the conflicting messaging escalates again, BTC may retrace quickly.