Bitcoin rebounded to about $78,940 after falling to a 24-hour low near $76,367, even as Iran rejected Donald Trump's claim that Tehran wanted a quick deal to end the US-Iran war. U.S. crude held near $103 a barrel while fighting between Iran-backed Houthi forces and Saudi-backed Yemeni forces raised fresh risks for regional shipping.
Bitcoin price surged above $78,000 during U.S. trading hours, even as conflicting signals from Donald Trump and Iran kept uncertainty around the US-Iran war alive. During the recovery, BTC reached an intraday high of $78,940, while traders weighed fresh diplomatic claims against continued fighting in the region.
Bitcoin Price Rebounds as Markets React to Trump Comments
The rebound followed comments by President Donald Trump on the war and oil prices. In a post on Truth Social, Trump said Iran was interested in a deal and that Washington was open to negotiations, stating Iran was eager for "a deal, as quickly as possible, as badly as possible."
U.S. stocks also bounced back from an earlier sell-off. About $570 billion returned to the market within three hours after more than $600 billion was erased earlier in the session. The earlier decline followed a series of warnings by AI companies that development should be slowed down, which further weighed on technology stocks.
As reported over the weekend, Trump said the US-Iran war could end soon and suggested oil prices would fall sharply afterward. However, crude remained high while markets waited for clearer diplomatic signals.
Iran Rejects Deal Claim as Oil Stays Above $100
Responding to Trump's comments, Iranian state media rejected his statement that Tehran was seeking a quick agreement. The rejection came shortly after Trump said Washington would consider possible talks.
Meanwhile, Iran's ILNA news agency reported that the United States was seeking a phased agreement, citing a Pakistani source, but did not confirm a final deal.
Amid this back-and-forth, oil prices have stayed near four-month highs as the conflict continued to disrupt energy markets. At press time, U.S. crude traded near $103 per barrel, while Brent crude moved close to $108. Oman has also postponed planned talks involving Iran and regional countries over future control of the Strait of Hormuz, saying the delay was made in the interests of consensus.
Fighting has also intensified between Iran-backed Houthi forces and Saudi-backed Yemeni government forces, raising concerns over Red Sea shipping and crude oil exports. Iran-linked groups have also been blamed for attacks on Saudi infrastructure, adding pressure to regional energy routes.
Source: CoinGape
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