MarketsShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailBitcoin and crypto prices rise amid increased U.S.-Iran peace deal prospects
Iranian negotiators have arrived in Doha for discussions centered on the Strait of Hormuz and enriched uranium, with mediation from Pakistan and Qatar.
By Francisco Rodrigues|Edited by Aoyon Ashraf May 25, 2026, 4:46 p.m. 2 min readMake preferred on
U.S. President Donald Trump speaking at Mar-a-Lago. (CoinDesk)Key Points:
- Cryptocurrency values surged as Polymarket's chances of a U.S.-Iran peace agreement rose to 37% this month.
- Iranian diplomats are in Doha for negotiations, concentrating on the Strait of Hormuz and highly enriched uranium, with mediation from Pakistan and Qatar.
- President Trump remarked that the deal is "subject to finalization," highlighting a conditional stance: "a Great Deal for all or, no Deal at all."
On Monday, cryptocurrency prices ticked upwards as the likelihood of a U.S.-Iran peace agreement increased, coinciding with Iranian negotiators' arrival in Doha for discussions.
Bitcoin experienced a 1.6% increase over 24 hours, reaching $77,500, while ether rose by 1.4%, and the broader CoinDesk 20 (CD20) saw a gain of 1.56%.
Traders on Polymarket elevated the probability of a lasting deal this month to 37%, a significant rise from about 14% on Friday. Projections suggest a 46% chance of a deal by early June and 72% by the end of July, with the market generating approximately $178 million in trading volume.
This development follows a Truth Social post from President Trump on Saturday, stating that the framework agreement was "subject to finalization." The Iranian delegation includes chief negotiator Mohammad Bagher Ghalibaf, Foreign Minister Abbas Araghchi, and Central Bank Governor Abdolnaser Hemmati, who arrived in Doha today, according to CNN.
A diplomat informed CNN that the discussions will center on the Strait of Hormuz and the issue of highly enriched uranium. Iran's foreign ministry has characterized the deal as a memorandum of understanding for the initial phase, with extensive discussions expected over the next 30 to 60 days, as reported by CNBC. Mediation is being facilitated by Pakistan and Qatar.
Since the blockade imposed by the U.S. and Israel on February 28, the Strait of Hormuz has seen limited traffic, although there has been a partial resumption in recent days.
In related market movements, crude oil prices fell by 5.4% to $91.30 per barrel, while gold prices rose by 1.35% to $4,570 per ounce. The dollar also weakened, with the U.S. Dollar Index (DXY) declining approximately 0.3%.
Trump's remarks maintain a conditional perspective: "It will only be a Great Deal for all or, no Deal at all — Back to the Battlefront and shooting, but bigger and stronger than ever before," he posted on Monday.
Read more: Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher
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