Trump Says U.S., Iran to Continue Talks Despite Ceasefire Ending, Bitcoin Extends Gains

42 mins ago

Managing Editor (News)

Expertise : Crypto, Stocks, Tokenization, AI, Prediction Markets, Crypto Regulation

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. 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.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal 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.

Trump Gives Update On U.S.-Iran Talks, Bitcoin Extends Gains

In a Truth Social post, the president said that Iran has asked the U.S. to continue talks and that they have agreed to do so. However, he added that the U.S. has said to Iran that the ceasefire is over even as talks continue.

This follows an earlier report of President Trump’s statement that Iran wants to make a deal “so badly.” Bitcoin has extended its gains amid the president’s latest statement about U.S.-Iran talks set to continue.

The leading crypto is currently trading at around $64,100, up almost 2% from an intraday low of around $62,000, according to TradingView data. BTC notably dropped below $62,000 earlier this week as the U.S. and Iran traded strikes, while President Trump declared the ceasefire over.

It is also worth noting that President Trump’s statement confirms CoinGape’s earlier report that U.S.-Iran technical talks were set to continue. The broader crypto market is also up alongside Bitcoin, as this presents a positive outlook towards ending the long-running U.S.-Iran war.

Odds Of A Nuclear Deal Still Down

The odds of the U.S. and Iran reaching a final nuclear deal remain low despite President Trump’s statement. Polymarket data shows only a 38% chace that both sides will reach a deal by December 31.

It is worth noting that Ira’s nuclear program remains the major obstacle towards the U.S.-Iran war ending, as President Trump insists that Iran cannot have a nuclear weapon. Meanwhile, the war continues to put pressure on inflation, which is a negative for Bitcoin and other crypto prices.

Iran has also maintained that it will charge tolls at the Strait of Hormuz, which is also threatening to disrupt global oil supply in the meantime. Oil prices rose earlier this week as Iran attacked three oil tankers in the Hormuz Strait, which led to the latest escalation in the war against the U.S.

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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.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal 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.