Global markets are once again turning bullish after reports claimed the U.S and Iran may finalize a peace agreement within the next 48 hours. The U.S. is waiting for Iran’s reply on a 14-point plan to end the conflict that has lasted over two months.
However, this news has already boosted market mood, with Bitcoin climbing close to $82,398. Will this be bullish news for the crypto market?
What’s Inside the 1-Page Proposed Memo?
The proposed one-page memo reportedly includes several major conditions aimed at reducing tensions between both countries.
Key points include:
- The U.S. and Iran lifting their blockades on the Strait of Hormuz
- The U.S. removing sanctions on Iran
- Iran agreeing to a 15-year pause on uranium enrichment
- Iran transferring its stockpile of highly enriched uranium outside its borders, potentially to the U.S.
If both sides approve the framework, the war would officially be declared over, followed by a 30-day negotiation period for broader discussions.
Meanwhile, US Secretary of State Marco Rubio described the ongoing negotiations as “highly complex and technical.”
“We have to have a diplomatic solution that is very clear on the topics they are willing to negotiate on and the extent of the concessions they are willing to make at the front end in order to make it worthwhile.”
He also added that some of Iran’s top leaders are “insane,” describing how fragile the negotiations still remain.
Further talks are expected to take place in either Islamabad or Geneva.
Trump Pauses Military Operation Amid “Great Progress”
Donald Trump has already paused the U.S. military’s “Project Freedom” operation, which was aimed at reopening the Strait of Hormuz.
Trump in his Truth social post said the operation was paused because of “great progress” being made toward a “complete and final agreement” with Iran.
However, skepticism still remains high. This is not the first time officials believed a deal was close since the conflict began.
Crypto Market Turns Bullish on Peace Deal Hopes
The crypto market has reacted strongly multiple times this year whenever progress in the U.S.-Iran peace talks emerged.
The first major rally came after Donald Trump announced a two-week ceasefire. Bitcoin jumped 5% within 24 hours, moving above $72,000, while Ethereum gained 6% to reach $2,257. The announcement also pushed oil prices down nearly 12–15%, improving overall market sentiment.
A second rally followed after reports claimed Iran was open to another peace negotiations. Then Bitcoin quickly climbed to a four-week high of $74,901, while Ethereum surged nearly 7% toward $2,400.
But, when talks collapsed on April 13, markets quickly reversed. Bitcoin dropped below $71,000 as traders feared the conflict could escalate again.
Most recently, Bitcoin approached near $83000 following fresh reports of progress toward a formal U.S.–Iran memorandum of understanding aimed at permanently ending the war.
Other Large Cryptocurrencies Are Also Rallying
The bullish momentum is not limited to Bitcoin alone. Ethereum is up around 2%, while Solana, XRP, and Dogecoin are posting gains between 4% and 5% today as investor sentiment improves.
Many analysts believe that if the U.S.-Iran conflict officially comes to an end, the crypto market could see a much stronger rally, with Bitcoin potentially retesting the $100,000 level once again.
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