Bitcoin heads higher as President Trump announces Iran peace agreement

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin heads higher as President Trump announces Iran peace agreement "An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon. By Stephen Alpher May 23, 2026, 8:52 p.m. 1 min read Make preferred on Bitcoin gains as Trump announces Middle East agreement (Library of Congress on Unsplash/Modified by CoinDesk) After crumbling about 4% late Friday into early Saturday, bitcoin BTC $ 74,703.02 has more than retraced those losses in the past few minutes after President Trump announced a coming agreement with Iran and other Middle Eastern countries. "An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote Trump in a Truth Social post. "In addition to many other elements of the Agreement, the Strait of Hormuz will be opened," the president continued. The news sent bitcoin sharply higher to $76,700 after having fallen to nearly $74,000 earlier on Saturday. Breaking News Bitcoin News More For You Bitcoin is ready to beat stocks and bonds again after underperformance against Wall Street By Helene Braun | Edited by Stephen Alpher 1 hour ago Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors says bitcoin has broken out of its longest stretch of underperformance in history and is ready to beat stocks, bonds, and gold as inflation stubbornly sticks around. What to know : Bitcoin may be entering a new phase of outperformance versus traditional assets after ending its longest-ever stretch of underperformance against the S&P500 in early May, according to investor Mark Connors. Connors argues that persistent inflation, structurally high oil prices and a “higher-for-longer” interest-rate environment are pressuring bonds and could favor... Read full story Latest Crypto News Bitcoin is ready to beat stocks and bonds again after underperformance against Wall Street 1 hour ago Crypto trader sees Hyperliquid, AI tokens leading next altcoin rally 6 hours ago Clarity Act could spark a boom in crypto ‘yield-as-a-service’ 7 hours ago Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks 10 hours ago F2Pool founder who controls 11% of bitcoin's hashrate to lead first SpaceX mission to Mars May 22, 2026 Robinhood Crypto COO Tanya Denisova is leaving company amid revenue slowdown May 22, 2026 Top Stories SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens May 22, 2026 Why Minnesota is empowering local banks to fight Wall Street for crypto revenue May 22, 2026 Trump Media moved but 'did not sell' $205 million in bitcoin amid rising losses on crypto bets May 22, 2026 Congress hits Polymarket and Kalshi with a massive insider trading probe May 22, 2026 Bitcoin implied volatility drops to 7 month low despite macro risks May 22, 2026 In this article BTC BTC $ 74,703.02 ◢ 3.28 %