Trampling Eron's agreement with the cryptocurrency market surged sharply
US President Donald Trump announced that significant progress has been made in negotiations on the United States, Iran, and several Middle Eastern countries on key issues of the agreement. This news boosted positive sentiment in international financial markets.
During the talks, leading countries of the region such as Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain are actively participating. As emphasized by Donald Trump, the final stage of this historic agreement also includes the consideration of reopening the Strait of Hormuz.
It is known that the closure of this vital waterway had led to a sharp increase in energy resource prices on the global market and a rise in living costs in many countries. The intensification of geopolitical tensions in recent times has dampened investor interest in high-risk assets such as Bitcoin, negatively affecting their prices.
US Secretary of State Marco Rubio also expressed his position on this matter, firmly demanding that Iran never possess nuclear weapons and must surrender its stockpiles of enriched uranium. These demands remain one of the core conditions of the agreement.
According to market analytical data, on Saturday, the price of Bitcoin dropped to its lowest level in the past five weeks, reaching $74,250. However, due to positive news on the political front, digital assets recovered their value by Sunday morning, recording a mark of $77,000.
At the same time, the leading cryptocurrency is trading around $76,800. Despite this, Bitcoin has still not managed to overcome the $82,000 resistance level and continues to remain in a general downward trend.
Current prices are significantly lower than the highs seen in October.
