Bitcoin rises to three-month high on US-Iran peace deal hopes

9 articles · Updated · Barron's · May 6

It climbed as high as $82,022 after Axios reported Washington and Tehran were nearing a one-page memorandum of understanding, with US officials expecting Iranian responses on key issues within 48 hours.
The move was linked to improving macro sentiment rather than crypto-specific developments, according to Saxo Bank analysts.
That suggests the rebound's durability will depend on whether broader risk appetite remains supportive as investors watch for progress in US-Iran talks.

If the Iran peace deal collapses, can record ETF inflows save Bitcoin from a catastrophic price crash?

With the critical Strait of Hormuz still closed, is Bitcoin's rally built on solid ground or geopolitical quicksand?