Trump comments lift Bitcoin above US$60K
Share
- Bitcoin (CRYPTO:BTC) rose above US$60,400 after US President Donald Trump said talks with Iran were progressing well.
- The broader cryptocurrency market gained while oil prices fell below US$70 a barrel as investors reduced expectations of further conflict.
- Markets remain focused on negotiations in Qatar, with traders watching for signs of a diplomatic agreement or renewed tensions.
Bitcoin (CRYPTO:BTC) climbed above US$60,400 after US President Donald Trump said talks with Iran were progressing, easing geopolitical concerns and supporting gains across cryptocurrency markets.
The rally followed Trump's comments that Iran's denuclearisation was progressing and that meetings in Qatar had been "excellent", prompting investors to reduce demand for traditional safe-haven assets.
"We'll see," said US President Donald Trump.
Ethereum (CRYPTO:ETH) rose 2.8% to US$1,620, XRP (CRYPTO:XRP) gained 1.5%, Solana (CRYPTO:SOL) advanced 5%, and the total cryptocurrency market capitalisation increased about 2% to US$2.14 trillion, while WTI crude oil fell more than 2% below US$70 a barrel.
Markets remain focused on negotiations in Doha, with prediction platform Polymarket estimating a 62% probability that the United States and Iran will extend their 60-day negotiation period.
US representatives Jared Kushner and Steve Witkoff remain in Qatar for talks, while separate discussions between Iran and Oman have expanded diplomatic efforts to include issues involving the Strait of Hormuz and ceasefire arrangements.
Analysts said market direction will continue to depend on diplomatic developments, as further progress could support risk assets while any breakdown in negotiations could reverse recent gains across cryptocurrencies, oil and global markets.
At the time of reporting, Bitcoin price was $60,218.25.
