BREAKING: Bitcoin Eyes $80K as Trump Says US-Iran Peace Talks Could Resume on Friday
Highlights
- Bitcoin jumps 4% to above $79,000 on Wednesday, eying to reclaim $80K.
- President Donald Trump says US-Iran peace talks could happen as soon as Friday.
- Iran has denied Trump's claims as they are yet to decide whether to participate in peace talks.
Bitcoin surges further to above $79,000 on Wednesday, climbing to reclaim $80K, on hopes of US-Iran peace talks. President Donald Trump’s latest comments on US-Iran peace talks could start soon fueled optimism among investors, boosting risk assets such as crypto assets and stocks.
President Trump Signals US-Iran Peace Talks Could Happen This Week
Trump indicated that US-Iran peace talks could resume as soon as Friday, the New York Post reported on April 22. This follows his decision to extend the ceasefire with Iran indefinitely.
While Iran is showing reluctance and recent incidents in the Strait of Hormuz are adding uncertainty, Trump and Pakistan claim the second round of talks will happen soon. Mediators in Pakistan and Iranian contacts are pushing for a new round of negotiations.
However, Trump’s negotiators worry they may not have anyone in Iran to proceed with a peace deal amid the recent seizure of ships in the Strait of Hormuz. Iranian Supreme Leader Mojtaba Khamenei isn’t communicating, with the IRGC generals and Iran’s civilian negotiators are denying odds over peace plans.
Iranian forces have seized two cargo ships near the Strait of Hormuz, hours after President Trump extended a ceasefire for 3-5 days. According to Tasnim news agency, Iran has not yet decided whether to participate in the negotiations on Friday.
BREAKING: Iran currently has "no plans" to negotiate with the US on Friday, per Tasnim.
This morning, President Trump said he was expecting talks to begin as soon as Friday.
— The Kobeissi Letter (@KobeissiLetter) April 22, 2026
US stock indexes rose on Wednesday, rebounding from losses this week amid a ceasefire extension and strong corporate earnings. The S&P 500, Nasdaq 100, and Dow Jones were around 1% higher.
Bitcoin Surges Over $79,000
Bitcoin jumped more than 1% to extend the rebound to more than 4% in 24 hours, with the price currently trading at $78,900. The 24-low and high are $74,852 and $78,728, respectively. However, the rebound amid a 32% decline in trading volume indicates traders are hesitant about sharp upside momentum.
As CoinGape reported earlier, Grayscale Research signaled Bitcoin price bottomed in the $65,000-$70,000 range. The Bitcoin Bull Index also turned neutral for first time in six months, per CryptoQuant research head Julio Moreno.
CoinGlass data also showed massive buying in the derivatives market. The total BTC futures open interest jumped almost 9% to above $62 billion in the last 24 hours.
Moreover, the BTC futures OI climbed 2% in an hour after Trump said peace talks are “possible” on Friday. Open interest jumped 0.50% on CME and nearly 2% on Binance, indicating bullish sentiment among derivatives traders.
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