- BTC climbs on geopolitics: Bitcoin gained over 1.3% in 24 hours, trading above $67,600 following Trump’s Truth Social post.
- Trump’s announcement: U.S. in “serious discussions” with a “new, and more reasonable, regime” in Iran; “great progress” reported toward ending military operations.
- Carrot and stick: Trump demanded immediate reopening of the Strait of Hormuz and threatened to “blow up and completely obliterate” Iran’s power plants, oil wells, Kharg Island, and potentially desalination facilities if no deal is reached.
- Broader market reaction: Ether up 3.1%, Solana 1.9%, XRP 1.0%; over $340 million in crypto short liquidations triggered.
- Context: First public U.S. acknowledgment of regime change in Tehran since the conflict began five weeks ago.
Bitcoin and other major cryptocurrencies advanced Monday after U.S. President Donald Trump disclosed that Washington is engaged in direct talks with what he described as a “new and more reasonable regime” in Iran, raising hopes for de-escalation in the five-week-old conflict.
In a Truth Social post, Trump stated the U.S. is making “great progress” in discussions aimed at ending military operations. He framed the talks as involving a post-regime-change leadership in Tehran, marking the administration’s first explicit public reference to a shift in Iranian governance.
However, the message carried a firm warning. Trump demanded the Strait of Hormuz be “immediately open for business” and listed critical Iranian infrastructure—including electric generating plants, oil wells, and Kharg Island—as potential targets. These sites, he noted, had been deliberately spared until now. Failure to reach an agreement or restore passage through the strategic waterway would result in their destruction, he said.
CoinDesk reported that the mixed signal—optimism around talks paired with explicit military threats—drove a risk-on move across crypto markets. Bitcoin jumped above $67,600, posting a 1.3% 24-hour gain. Ether outperformed with a 3.1% rise to around $2,070, while Solana and XRP also posted modest gains.
The move triggered significant short liquidations, with over $340 million wiped out across crypto derivatives, according to CoinGlass data.
Analysts noted the market’s sensitivity to any signs of de-escalation amid ongoing uncertainty. While the acknowledgment of a “new regime” suggests possible political shifts following weeks of strikes, the detailed threat list underscores that negotiations remain high-stakes.
Bitcoin’s reaction reflects its increasing correlation with traditional risk assets during geopolitical events, even as broader weekly performance remains negative. The coming days will likely hinge on whether tangible progress emerges from the reported discussions or if tensions reignite over the Hormuz corridor and energy infrastructure.
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