Bitcoin Breaks Above $64K as Iran Says U.S.-Iran MOU Has ‘Never Been Closer’

Bitcoin has climbed above the psychological $64,000 level as Iran has signaled that the Memorandum of Understanding (MOU) is almost finalized. This confirms U.S. President Donald Trump’s statement that the two sides are close to reaching a peace deal.

Iran Signals A Deal Is Close, Bitcoin Breaks Above $64,000

In an X post, Iranian Foreign Minister Abbas Araghchi said that the Islamabad MOU “has never been closer.” However, he urged the media to refrain from speculating about its content pending its finalization. “In line with our responsible and transparent approach, all details will be shared with the public in due course,” he added.

This follows several rumors about the content of the deal, including speculations that the U.S. could unfreeze billions of dollars belonging to Iran as part of the deal. The BTC price broke above $64,000 following Araghchi’s statement, as it signals that a U.S.-Iran peace deal is near, which is a positive for Bitcoin and the broader crypto market.

Bitcoin is currently trading at around $64,100, up from an intraday low of around $62,800, according to TradingView data. It is worth noting that the Iranian Foreign Minister’s statement is one of the few times that Iran has corroborated U.S. President Donald Trump’s statement.

As CoinGape reported, President Trump stated yesterday that a U.S.-Iran peace deal was close, which led him to call off the planned strikes against Iran. He also said that they will communicate the venue and time for signing the agreement. Bitcoin rose above $63,000 yesterday following the president’s statement.

VP J.D. Vance Also Signals A Deal Is Close

U.S. Vice President J.D. Vance also released a statement around the same time as the Iranian FM, signaling that a deal was close, which has also contributed to the rally for Bitcoin and other crypto prices. However, he addressed some “fake information” about the potential deal.

First, he stated that the Iranians are not receiving any cash and that they are not releasing any funds for Iran simply by signing a deal. He assured that they have structured the deal to prioritize the U.S. and its allies. “This deal has the potential to remake the region and lead to lasting peace,” Vance said.

Despite a potential deal appearing imminent, crypto traders are still betting against it happening anytime soon. Polymarket data shows only a 37% chance of a permanent peace deal by June 30. There is also only a 46% chance of a deal by 46%.