Bitcoin Soars Above $85,000 Ahead of Pezeshkian's UN Visit

Bitcoin surged above $85,000 as optimism around U.S.-Iran talks boosted the broader crypto market ahead of Iranian President Masoud Pezeshkian's United Nations visit. The rally coincided with rising stocks and easing oil prices on Monday, but geopolitical uncertainty remains a key variable. Pezeshkian will address the General Assembly on Tuesday, covering international developments, including Iran's war with the U.S. and Israel.

Total crypto capitalization rose 3.69% to $2.9 trillion, while Bitcoin gained 4.46% to $85,297.19. Ethereum advanced 2.56% to $2,723.88, and Bitcoin surged by 10.95% over the week with a market capitalization of $1.71 trillion.

Diplomatic signals from the UN meetings could shape near-term market direction, especially if U.S.-Iran talks progress. However, Trump's threat to destroy Iran's economy or eliminate its leadership unless Tehran reaches an agreement leaves uncertainty around any diplomatic opening.