Conflicting reports from both sides, however, continue to create uncertainty around the situation.
After several days of rising fears that a peace agreement between the United States and Iran was unlikely in the near term, a new statement from US President Donald Trump shifted market sentiment dramatically.
The reaction across the crypto market was immediate, with bitcoin recovering nearly all of the losses recorded on Friday and Saturday as the asset surged back toward $77,000.
Trump Signals Possible Breakthrough in Iran Negotiations
Earlier reports had suggested that tensions between the United States and Iran were escalating, with speculation growing that additional military action could be imminent.
Concerns intensified after Trump reportedly skipped his son’s wedding in order to remain at the White House for meetings with senior military officials.
However, overnight developments painted a more optimistic picture. New reports indicated that both sides could be moving closer to a diplomatic agreement.
Shortly afterward, Trump announced on his social media platform that his administration had held what he described as a “very good call” with leaders from several countries in the region, including Saudi Arabia, United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain regarding Iran and a broader peace related memorandum of understanding.
Trump also claimed that a deal had been “largely negotiated” and was awaiting final approval from the involved parties. He added that discussions with Israeli Prime Minister Benjamin Netanyahu had gone smoothly.
According to Trump, final details of the agreement are still being negotiated and could be announced soon. He also suggested that the Strait of Hormuz would reopen under the proposed arrangement.
Mixed Reports Continue to Fuel Uncertainty
Despite Trump’s comments, conflicting reports from different media outlets and officials have continued to cloud the situation.
Iranian outlet Fars News claimed that American officials had privately told Iran that Trump’s public statements were primarily aimed at domestic media audiences in the United States and should not be interpreted too seriously.
At the same time, The New York Times reported that Iran had agreed to surrender its stockpile of highly enriched uranium as part of the emerging agreement.
The contradictory nature of the reports has left investors uncertain about whether a lasting breakthrough is truly close.
Bitcoin and Altcoins Recover Following Market Panic
Bitcoin had fallen sharply from above $77,000 on Friday to a monthly low near $74,200 as fears surrounding escalating conflict in the Middle East triggered widespread selling pressure across financial markets.
Following Trump’s latest statement, BTC rebounded strongly and climbed back above $77,000 before encountering resistance slightly below that level.
The broader crypto market also turned positive. Ethereum rose above $2,100 after briefly dropping to $2,000 the previous day.
Several altcoins including NEAR, ONDO, MORPHO, and HYPE posted even stronger gains during the recovery rally.
According to data from CoinGlass, more than $300 million worth of short positions were liquidated as crypto prices surged higher.#crypto#cryptpnews https://coinsignals.net https://t.me/coinsignalpublic
