Bitcoin prices news: BTC heads back to $77,000 on Middle East peace deal
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“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.
Updated May 23, 2026, 8:57 p.m. Published May 23, 2026, 8:52 p.m. 1 min read
- Down sharply earlier Saturday, bitcoin moved to gains on the day after President Trump announced a peace agreement with Iran and other Middle Eastern countries.
- As part of the deal, Trump said, the Strait of Hormuz will be reopened.
After crumbling about 4% late Friday into early Saturday, bitcoin BTC$77,003.56 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.
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