24/7 Cryptocurrency News

Crypto Market Rebounds As Iran Allegedly Seeks Peace Talks With Israel & US

The Crypto market, led by Bitcoin, is up today amid reports that tensions in the Middle East between Iran and Israel could soon cool off.
Published by
Crypto Market Rebounds As Iran Allegedly Seeks Peace Talks With Israel & US

Highlights

  • The Bitcoin price has reclaimed the psychological $107,000 level while altcoins are also in the green.
  • This comes following a WSJ report that Iran is looking to de-escalate hostilities with Israel.
  • The crypto market recorded a massive decline last week following Israel's first strike against Iran.

The crypto market is in the green today, with Bitcoin and altcoins witnessing a reversal from the losses they recorded towards the end of last week. This comes amid reports that Iran is looking to de-escalate hostilities between it and Israel and the US by proxy.

Advertisement

Crypto Market Records Gains Amid Potential Iran-Israel Peace Talks

CoinMarketCap data shows that the crypto market is up over 2% today, with a market cap of $3.35 trillion. The flagship crypto Bitcoin has led this rebound with the BTC price reclaiming the psychological $107,000 level.

The flagship crypto has already surged to an intraday high at around $107,800, having dropped to as low as $104,500 earlier in the day. The Ethereum price has also rebounded and is looking to reclaim the $2,700 level. Other major altcoins like Solana, XRP, and Binance Coin (BNB) are also in the green.

This development comes amid a WSJ report that Iran is looking to make peace with Israel and the US. The report revealed that Iran has been urgently signaling that it seeks an end to hostilities and resumption of talks over its nuclear programs.

The Arab nation has sent messages to Israel and the US via Arab intermediaries, according to Middle Eastern and European officials. The report also stated that Tehran has told Arab officials that it would be open to returning to the negotiating table with the US as long as Donald Trump and his troops don’t join the attack.

Iran has also told Israel that it is in the interest of both sides to contain the violence and strikes that began last week. However, an Al-Jazeera journalist has reportedly refuted the WSJ’s claims that Iran is seeking to have peace talks with Israel and the US.

The crypto market had witnessed a massive decline towards the end of last week when Israel first struck Iran on June 13. Bitcoin dropped to as low as $102,800 following the strike. However, the flagship crypto has since recovered well despite retaliatory strikes that went on through the weekend.

Advertisement

Reason For The Market Resilience

Trading firm QCP Capital opined that the crypto market’s resilience, led by Bitcoin, is likely due to continued institutional accumulation, with the likes of Metaplanet and Strategy buying the dip.

As CoinGape reported, Strategy announced today that it acquired 10,100 BTC for $1.05 billion. Metaplanet also just acquired 1,112 BTC for $117 million. QCP Capital also highlighted the fact that the Bitcoin ETFs recorded their seventh consecutive week of inflows last week.

The trading firm claimed that the crypto market seems to have rediscovered its footing, particularly after BTC held above the psychological $100,00 level despite the initial panic.

Advertisement

Share
Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025