Bitcoin has surged back above the $77,000 prize zone, after President Donald Trump announced that a peace agreement with Iran has been largely negotiated, with final details expected soon.
The deal includes reopening the strategically vital Strait of Hormuz, a move that immediately eased geopolitical tensions and triggered a sharp risk-on rally across crypto markets.
In a post on Truth Social, President Trump wrote,
“An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries. The Strait of Hormuz will be reopened.”
According to Trump, the talks focused on a “Memorandum of Understanding pertaining to PEACE.” He added that the of Hormuz would be under the agreement.
The announcement followed calls with Middle Eastern leaders and Israeli Prime Minister Benjamin Netanyahu. Markets interpreted the news as a major de-escalation following months of conflict that began earlier in 2026.
The recent surge of Bitcoin comes after the crypto asset last week, plunged below the $75,000 mark in a sharp market downturn that sent shockwaves across the cryptocurrency industry, as billions of dollars in leveraged positions were wiped out within hours.
The crypto market experienced a massive wave of liquidations totaling nearly $1 billion. According to Glassnode, Bitcoin accounted for the largest share of these liquidations, totaling $378 million. Of this total, $353 million corresponded to long positions.
BTC reportedly broke a key psychological level, trading as low as $74,215, amid heightened market volatility. As at the time of writing this report, the crypto asset is trading at $76,657 amid bullish optimism.
However, altcoins gained more strongly than Bitcoin in the recent upward price retracement. The move suggests traders shifted back into higher-risk assets after the peace-deal headlines reduced short-term fear.
AI-linked tokens led part of the rebound. NEAR Protocol rose 14.8% over 24 hours and gained more than 62% over the week. Worldcoin also climbed 8.7% on the day and more than 26% over seven days. Privacy-linked assets also moved higher.
Zcash gained 8.8% over 24 hours and nearly 28% for the week, making it one of the stronger large-cap performers. Other major altcoins also recovered. Ondo rose 8.5%, Morpho gained 7.8%, and Hyperliquid increased 6.3% over the same period.
Why The US-Iran Deal Agreement Matters For Bitcoin
• Geopolitical Risk Premium Removed: The Strait of Hormuz handles about 20% of global oil trade. Threats to close it had previously spiked oil prices and weighed on markets. Reopening signals stability.
• Risk-On Environment: Bitcoin thrives in environments of reduced uncertainty. Peace headlines often boost investor appetite for high-beta assets like crypto.
This development comes amid ongoing negotiations that have seen multiple ceasefires, proposals, and setbacks throughout 2026. While the deal is not yet finalized, the market’s swift reaction shows how sensitive crypto remains to macro and geopolitical headlines.
At the same time, uncertainty remains. Although negotiations appear advanced, reports indicate that final details are still being debated, and political opposition exists on both sides. Any collapse in talks could quickly reignite volatility across both traditional and digital asset markets.
According to trader and crypto market analyst Matthew Hyland. Bitcoin has rallied for about 90 days following the $60,000 low reached in February, signaling a bull market rally.
“There has never been a rally that trended upward for 89 days ever in a bear market in BTC history,” Hyland said, adding, “The break of high time frame resistance has also marked the start of a bull market rally the prior three times.”
The Polymarket odds of Bitcoin hitting $55,000 in 2026 are 51%, while the odds of it falling to $45,000 are at 31%. However, 71% of the circulating supply is held by long-term holders, making a break below $60,000 unlikely, according to onchain data.
Outlook
Bitcoin’s recovery above $77,000 demonstrates how deeply the crypto asset is now intertwined with global geopolitics. The U.S.-Iran agreement matters not just because of diplomacy itself, but because it shapes investor confidence, oil prices, inflation expectations, and the overall appetite for risk assets worldwide.
Analysts are watching for official confirmation from all parties, including Iran. If the agreement holds and leads to a full resolution (potentially including nuclear-related terms), it could pave the way for further upside in Bitcoin and equities while pressuring safe-haven assets like gold and oil lower.






