The ride up was not smooth. For roughly two days, Bitcoin whipsawed as headlines shifted by the hour. US President Donald Trump threatened to bomb Iranian power plants. Then he didn’t.
Announces a Truce to Stop the War with Iran Trump surprises the world with a tweet that flips the table!
The broader market felt it too. WTI crude dropped 5.31% to $87.44 a barrel. Brent crude fell 6.06% to just under $100. Gold rose 2.50% to $4,586.
Risk assets and safe havens moved in opposite directions, and Bitcoin sat somewhere in between — part speculative bet, part hedge, depending on who was buying.
The Proposal That Moved PricesWashington delivered its offer through Field Marshal Syed Asim Munir, Pakistan’s Chief of Army Staff, who served as the go-between. The plan covers 15 points.
In return, all active sanctions would be lifted with a written guarantee against reimposition. The US has also offered to help Iran develop civilian nuclear power plants for electricity generation.
Tehran’s Denial Keeps The Market GuessingIran’s government has refused to acknowledge any negotiations are taking place. Missile strikes linked to Tehran and its allied forces have continued even as the proposal circulates.
Bitcoin holding above $70,000 reflects cautious optimism, not conviction. One firm rejection from Tehran could unwind the move fast. Traders are watching every statement out of Iran closely, knowing the next headline could push prices in either direction.
Featured image from Unsplash, chart from TradingView
