Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes Bitcoin climbed toward $82,000 alongside a more than 1% rise in Nasdaq futures amid reports of progress toward a U.S.–Iran memorandum of understanding. By Omkar Godbole , AI Boost May 6, 2026, 9:26 a.m. 2 min read Make preferred on BTC's price. (CoinDesk) What to know : Global risk assets rallied and oil prices slumped after reports of progress toward a U.S.–Iran memorandum of understanding aimed at ending the war. Bitcoin climbed toward $82,000 alongside a more than 1% rise in Nasdaq futures, while WTI crude futures fell about 6 percent to $95.28 a barrel. Hopes that a deal could normalize oil flows through the Strait of Hormuz lifted sentiment, though some analysts remain skeptical that Iran will make lasting nuclear concessions. Risk assets rallied across the globe and oil crashed during Monday's European hours as reports of progress in U.S.–Iran peace talks boosted risk sentiment. Bitcoin BTC $ 81,476.63 extended Asian gains to trade close to $82,000 during the European hours, as futures tied to Wall Street's tech heavy index Nasdaq rose over 1%. Futures tied to WTI crude oil fell 6% to $95.28 per barrel. The move followed an Axios report that Washington and Tehran are close to a one-page memorandum of understanding aimed at ending the war. The draft agreement is said to include negotiations between U.S. envoys Steve Witkoff and Jared Kushner and Iranian officials, conducted both directly and through intermediaries. The report raised hopes for the normalization of oil flows through the Strait of Hormuz, which has reportedly been mined by Iranian forces. The disrupted flows since late February have wreaked havoc in energy markets across the world, especially in Asia. According to the report, Iran would agree to remove highly enriched uranium from the country, a long-standing U.S. demand that Tehran has previously resisted. However, some market participants questioned the likelihood of a durable breakthrough, particularly around nuclear concessions. “I’m a bit skeptical on the final point about Iran ceding ground on the nuclear front. But we’ll have to wait and see I guess,” ForexLive’s currency analyst Justin Low said . Still, the prospect of de-escalation was enough to trigger a broad shift in positioning, with traders moving into risk assets and out of energy exposure on expectations of reduced geopolitical friction. Bitcoin News AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You OKX joins crypto’s pre-IPO frenzy with OpenAI, SpaceX perpetual futures By Sam Reynolds | Edited by Jamie Crawley 27 minutes ago Crypto exchanges are increasingly competing to offer retail traders exposure to Silicon Valley’s most valuable private firms, despite the products conferring neither equity ownership nor shareholder rights. What to know : OKX plans to launch perpetual futures tied to private companies such as OpenAI, SpaceX and Anthropic, offering synthetic price exposure ahead of potential IPOs. The products mirror a broader push by crypto platforms like Bitget and Injective to bring pre-IPO and private equity-style speculation on-chain without conferring actual shareholder rights. Read full story Latest Crypto News OKX joins crypto’s pre-IPO frenzy with OpenAI, SpaceX perpetual futures 27 minutes ago Beyond humans: Lily Liu says Solana is building the payment rails for the 'AI machine economy' 51 minutes ago Bitcoin's price rally has a hidden rhythm. Here are the hours and days driving gains. 57 minutes ago Crypto custodian Taurus moves straight into EU capital markets with MiFID license in Cyprus 1 hour ago Crypto derivatives have converged with Wall Street. Equity perps could soon prove it. 2 hours ago North Korea terror victims escalate fight to seize $71 million from Aave hack 4 hours ago Top Stories Bitcoin tops $81,000 as Strategy mulls selling its BTC to fund dividend obligations 5 hours ago Consensus Miami Day 1: Real-time coverage and highlights from on the ground 19 hours ago Ripple CEO Brad Garlinghouse says Clarity better than chaos as Senate hits key moment 16 hours ago Michael Saylor's Strategy signals potential bitcoin sale to fund dividends obligations 9 hours ago Figure targets Fannie Mae and Freddie Mac in mortgage push, citing massive cost cuts for borrowers 16 hours ago Coinbase cuts 14% of staff as AI reshapes how crypto companies operate 21 hours ago In this article BTC BTC $ 81,476.63 ◢ 0.78 %