U.S. President Donald Trump recently said an agreement with Iran could be signed within the next “two or three days,” signaling that tensions in the Middle East may be easing. Meanwhile, Bitcoin has recovered from recent lows below $59,500 and is now trading around the $63,000.
Speaking on Monday, Trump said negotiations with Iran are in their “final throes” and that he does not see any major obstacles remaining.
“I don’t think there are any sticking points. I think we’re very close to having a very, very good, strong, powerful deal.”
He also claimed that an agreement could be signed within “two or three days.”
The announcement followed reports that Trump warned Israeli Prime Minister Benjamin Netanyahu that ongoing military action could leave Israel alone with reduced U.S. support.
Trump later posted on Truth Social that both Iran and Israel were looking for an immediate ceasefire while final peace negotiations continued.
Despite the bullish news, many traders remain skeptical about this deal. As this isn’t the first time Trump has said that an Iran deal was close.
Reports suggest he has declared an agreement “imminent” roughly 37 times since April, yet no final deal has emerged.
The key blocking the peace deal is that surrounding sanctions, nuclear restrictions, and long-term security guarantees remain unresolved.
Still, investors continue to monitor the talks because even a temporary reduction in Middle East tensions could reduce fears of disruptions in the Strait of Hormuz, which would ease oil prices.
Meanwhile, bitcoin is currently trading around $62,590 after recovering from recent lows near $59,500.
If a U.S.-Iran agreement is reached successfully, experts believe Bitcoin could target the $66,000 range as its first major upside zone.
A stronger breakout supported by renewed buying pressure could then open the door toward $72,000 and beyond.
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