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Crypto▲ Bullish
Crypto jumps 3%, oil slides as Trump signals Iran progress
A 3% Bitcoin rally and a $74B gold market value gain followed Trump's Iran talk comments. WTI crude fell below $70. Polymarket gives 62% chance of extended talks.
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President Donald Trump’s positive comments on U.S.-Iran talks lifted crypto markets and pushed oil below $70. Bitcoin climbed more than 3% to an intraday high of $60,401 before easing to $60,120. The rally added $74 billion to gold’s market value. WTI crude fell more than 2% to trade below $70 a barrel.
Trump said Wednesday that Iran’s “denuclearization is well on its way” and described meetings in Qatar as “excellent.” The comments followed a Truth Social post in which he said U.S. officials would meet Iranian representatives in Doha at Tehran’s request.
The total cryptocurrency market capitalization rose about 2% to $2.14 trillion. Ethereum gained 2.8% to $1,620 and Solana rose 5%, while XRP added 1.5%. The moves came as investors reduced demand for traditional safe-haven assets tied to geopolitical uncertainty.
Analysts told clients to remain cautious despite the rally. Negotiations are still underway, they said, and market direction depends on diplomatic progress.