Bitcoin jumped from $62,000 to over $64,000 in minutes earlier today after President Trump made promising remarks about a potential peace deal between the US and Iran. The move erased some of last week's steep losses, when BTC had fallen to $59,100 for the first time in almost two years before bouncing back.
Trump's Iran comments spark buying
The trigger was a single line from Trump's public remarks on the Iran situation. He suggested a deal could be within reach, sending a wave of relief through risk assets. Crypto, already in a fragile recovery after last week's sell-off, grabbed the bid. Bitcoin ripped from the mid-$62,000s to above $64,000 in under an hour, dragging the broader market along with it.
Altcoins follow—Audiera leads
The rally wasn't just for bitcoin. Audiera (BEAT) surged 80% in 24 hours to hit $4.30, vaulting it to the 62nd-largest altcoin by market cap. SIREN jumped 32%, NEAR added 13%, and DeXe climbed 11%. Ethereum rose 1.5% to $1,660, BNB hovered near $600, and Solana traded above $66. HYPE gained 3% to above $60, while ZEC rallied 6% to $425.
Recovery from a grim week
Just days ago the mood was different. Bitcoin had slipped to $59,100 for the first time in two years, dragging the total market cap down with it. Today's reversal tacked on $20 billion to the crypto market, pushing it back to $2.260 trillion. Bitcoin's own market cap sits at $1.265 trillion, giving it a dominance of 56.3% over altcoins.
Whether the peace talk momentum holds is the open question. The market has bet on a headline for now—but the real test will come when the details, if any, emerge from Washington and Tehran.
