Bitcoin Surges Past $79K as Trump Suggests End to Iran War, Oil Prices Dip
US President Donald Trump's comments on Iran have had far-reaching implications for global markets. Bitcoin has returned to $79,000 after a mixed signals day regarding the US-Iran war.
Trump wrote on Truth Social that the 'failing Nation of Iran wants to make a deal, quickly and badly.' He added that he would determine whether or not the US would engage in talks, with the concept being open.
The comments initially boosted equities but later turned red amid ongoing uncertainty over Middle Eastern oil-transit routes. WTI crude oil remained above $100 per barrel at $105, while Brent crude traded at $105 per barrel.