Trump’s claimed Iran agreement sparks a 2.2% Bitcoin rally, though traders await Friday’s signing for confirmation.
Bitcoin climbed to $65,860, a 2.2% gain in 24 hours, after President Trump announced a completed deal with Iran. The crypto recovered from recent lows near $60,000, erasing much of the geopolitical risk premium built up in prior weeks.
The rally follows Trump’s Truth Social posts and independent confirmation from Pakistan’s prime minister. However, analysts note investors remain cautious until the deal is formally signed in Switzerland on Friday. Bitcoin had appeared oversold amid months of macro uncertainty and geopolitical tensions.
Despite the relief rally, prediction markets reflect lingering bearish sentiment, with users assigning a 67% probability to a negative outlook for Bitcoin.