However, the rally faced headwinds later in the day as the Iranian military publicly mocked the overtures, claiming the U.S. was “negotiating with itself.” Despite the public rejection, the mere existence of a formal proposal was enough to send traders back into a buying frenzy.
‘Peace Trade’ Speculation FAQ Why did bitcoin rise? Optimism over U.S.–Iran peace talks boosted risk assets. How high did it go? Bitcoin hit an intraday peak of $72,026 before easing. What fueled the rally? Falling oil prices and global equity gains added momentum. What’s next? Traders eye $72K resistance before a possible run toward $76K.Bitcoin Surges to $72K Peak Following Reports of Washington’s Ceasefire Proposal
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