Bitcoin, crypto prices tick up as US-Iran peace deal odds climb
Key takeaways
- President Donald Trump speaking at Mar-a-Lago.
- 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.
President Donald Trump speaking at Mar-a-Lago. (Coin Desk)What to know: 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. Pakistan and Qatar are mediating.President Trump stated the agreement is "subject to finalization," emphasizing a conditional tone: "a Great Deal for all or, no Deal at all."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.
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. The market has drawn roughly $178 million in volume.