Bitcoin traded steady at $75,105, up 0.5% in the last 24 hours, as crypto markets weighed comments from former U.S. President Donald Trump suggesting a diplomatic breakthrough with Iran was "very close."
"We are very close to making a deal with Iran," Trump said at a press conference on Friday, according to reports. The statement introduces a significant geopolitical variable into a market that has been increasingly sensitive to global risk dynamics.
The announcement caused a minor stir in digital asset markets, which have recently seen heightened correlation with macroeconomic news. Data from CoinGecko showed 24-hour trading volume for Bitcoin at $45 billion, consistent with the weekly average. In broader markets, Gold (XAU/USD) was flat at $2,380 per ounce, while the U.S. Dollar Index (DXY) fell 0.2% to 105.80, as of 10:00 UTC, April 17, 2026.
A confirmed peace deal could reduce global risk, which may encourage capital flows into assets perceived as higher risk, including Bitcoin and other cryptocurrencies. However, the market remains on edge, as a failure to secure an agreement could have the opposite effect, potentially driving a flight to safety. On-chain data from Coinglass shows open interest in Bitcoin futures remains elevated at $34.2 billion with a neutral funding rate of +0.015%, indicating that while traders are not aggressively positioned long or short, they are anticipating a significant price move. The key immediate support level for Bitcoin is seen at $73,500, with resistance near the all-time high of around $77,000.
This article is for informational purposes only and does not constitute investment advice.
