Trump Says Iran Wants To Make A Deal With U.S., Bitcoin Rises

U.S. President Donald Trump has revealed that Iran has reached out over a deal as the war enters its third week. Bitcoin rose on the back of the president’s remarks, even as crypto traders still predict that the conflict could drag on till May.

Trump Says Iran Has Reached Out, Bitcoin Climbs

Speaking during a White House event, Trump said that Iran wants to make a deal and has reached out to them, although he doesn’t believe that Iran is ready yet. This came after the president claimed that they had greatly disarmed Iran, with the country having only a few missiles left.

Bitcoin rose sharply to $74,000 following Trump’s statement that Iran wants to make a deal. At press time, the leading crypto is currently just above this psychological level, up almost 2% today, according to TradingView data.

Bitcoin reclaimed $74,000 earlier in the day but retraced to around $73,000 prior to Trump’s remarks. BTC and the broader crypto market are up today as concerns over the Iran war abate with Trump moving to keep the Strait of Hormuz open, a move which could keep oil prices steady.

The U.S. president again commented on his plans to keep the Strait open, revealing that he had already reached out to several countries, with some showing enthusiasm while others haven’t. He also indicated that the major oil chokepoint was again safe to pass, as they had hammered Iran’s capability to threaten ships.

However, he admitted that the thought of mines, following earlier reports, in the shipping lane was enough to keep oil tankers out. This is why he is seeking to collaborate with other countries to deploy warships in the Strait of Hormuz to ensure the safe passage of these oil tankers. Meanwhile, Trump assured that oil prices will drop once the war is over and that inflation will go down rapidly.

Israel Says War Could Still Go On For At Least Three Weeks

Despite Trump’s claims of Iran wanting to make a deal, there is still the possibility of the war dragging on for weeks. According to a Reuters report, Israel said it has detailed operational plans for the war over the next three weeks, along with additional plans extending beyond that period.

Notably, Trump had failed to provide a timeline for when the war would end when he was asked last week. Instead, he simply said that the war will end when he feels it ‘in his bones.’ A prolonged war is bearish for the Bitcoin price and the broader crypto market.

Crypto market participants continue to price in the possibility that the Iran war could extend into at least May. Polymarket data show that the odds of a U.S.-Iran ceasefire by May 31 have dropped to 49%, signaling that most traders now expect the war to extend beyond then.