Polymarket · Bitcoin · Iran · Strait of Hormuz · CoinDesk
Bitcoin, crypto prices tick up as US-Iran peace agreement odds climb
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Crypto prices were slightly higher on Monday amid rising odds in prediction markets for a near-term U.S.-Iran peace deal, as Iranian negotiators arrived in Doha for talks.
Key facts
- Bitcoin gained 1.6% in 24 hours to $77,500, ether rose 1.4%, and the broader CoinDesk 20 ( CD20 ) added 1.56%
- Traders on Polymarket pushed the probability of a permanent deal this month to 37%, up from roughly 14% on Friday
- The odds for a deal are at 46% by early June and 72% by the end of July
- Meanwhile, Iran's foreign ministry has described the deal as a memorandum of understanding in a first phase, with broader talks over 30 to 60 days, CNBC reported
Summary
Crypto prices rose as Polymarket odds for a U.S.-Iran peace deal increased to 37% this month. Iranian negotiators arrived in Doha for talks, focusing on the Strait of Hormuz and highly enriched uranium. President Trump stated the agreement is "subject to finalization," emphasizing a conditional tone: "a Great Deal for all or, no Deal at all. Bitcoin gained 1.6% in 24 hours to $77,500, ether rose 1.4%, and the broader CoinDesk 20 ( CD20 ) added 1.56%.