President Donald Trump’s positive comments on negotiations between the US and Iran lifted cryptocurrency markets, pushed oil below $70, and added more than $74 billion to gold’s market value as investors realigned their positions to mitigate geopolitical risks.
summary
- Trump’s positive comments on the US-Iran talks helped lift cryptocurrency prices while pushing oil below $70.
- Bitcoin surpassed $60,400, Ethereum rose 2.8%, and the total cryptocurrency market cap rose to $2.14 trillion.
- Polymarket estimates a 62% chance of extending the negotiation period between the US and Iran, keeping markets focused on Doha.
According to President Donald Trump, relations with Iran have remained positive and ongoing negotiations in Qatar are progressing well, prompting a quick reaction in financial markets as traders reassess the potential for a long-term conflict in the Middle East.
to talk Trump said on Wednesday that “denuclearization in Iran is on the right track” and described the meetings as “excellent” before adding, “We’ll see.” His comments followed a post published by the organization Social Truth earlier this week in which it said that US officials would meet with Iranian representatives in Doha at Tehran’s request.
Cryptocurrencies continue to gain as geopolitical tensions ease
While diplomatic discussions continued in Qatar, bitcoin rose more than 3% to an intraday high of $60,401 before retreating to $60,120 at press time. Ethereum rose 2.8% to $1,620, XRP rose 1.5%, and Solana outperformed with a 5% advance. The total market value of cryptocurrencies also increased by about 2%, reaching $2.14 trillion.
The rise came as investors reduced demand for traditional safe-haven assets linked to geopolitical uncertainty. Gold added more than $74 billion to market capitalization during the session, while US West Texas Intermediate crude fell more than 2% for the first time since tensions between the US and Iran escalated, closing below the $70 level.
However, analysts urged traders to be cautious despite the recovery, noting that negotiations are still ongoing and that the market’s direction will continue to depend on diplomatic developments.
Earlier this week, as I mentioned By crypto.news Renewed interest has also returned to comments by Rich Dad Poor Dad author Robert Kiyosaki, who in March predicted that Ethereum would reach $95,000 by mid-2027, which has resurfaced across cryptocurrency social media.
Kiyosaki argued that a major global financial crisis could lead to a sharp repricing of alternative assets, and predicted that Ethereum would reach $95,000, Bitcoin at $750,000, gold at $35,000 an ounce, and silver at $200 after such an event.
Markets are still focused on the results of the Doha negotiations
Diplomatic efforts continued after Trump’s recent statements. US representative Jared Kushner and envoy Steve Witkoff are in Qatar for another round of discussions, while Qatar and Pakistan act as mediators during the negotiations.
Separate talks also took place between Iran and Oman, which recently established a joint committee to address issues surrounding the Strait of Hormuz and other ceasefire-related issues. These discussions have increased expectations that negotiations will expand beyond the direct nuclear issue.
Forecast market Polymarket currently predicts a 62% probability that the US and Iran will extend the 60-day negotiation period. Although this estimate indicates that traders expect diplomacy to continue, it does not guarantee an agreement.
For now, Trump’s recent comments and the ongoing meetings in Doha have encouraged investors to price in lower risks of further escalation. Meanwhile, market participants continue to monitor tangible progress, as a formal agreement could lead to an extension of the current rally across risk assets, while another breakdown in negotiations or the expiration of the 60-day deadline without an extension could reverse recent moves in cryptocurrencies, oil and other global markets.
