Bitcoin (BTC) surged back above $74,000 on Friday as traders harbied renewed hopes that Washington and Tehran were nearing a ceasefire agreement, although the two sides remain publicly at odds over the specifics of such a deal.
This pioneering cryptocurrency is trading around $74,161, up about 1.1% in 24 hours, after President Donald Trump signaled that a draft framework was being discussed. However, conflicting information from each side means a final agreement remains elusive.
Bitcoin price performance. Source: BeInCryptoTrump and Iran presented two different drafts of the same agreement.
Trump said Iran “must agree” to permanently abandon its nuclear weapons, reopen the Strait of Hormuz free of charge, and allow the U.S. to remove the remaining enriched uranium after last year’s B-2 airstrike.
"Iran must agree that they will never have a Nuclear Weapon or Bomb… I will be meeting now, in the Situation Room, to make a final determination." – President Donald J. Trump 🇺🇸 pic.twitter.com/qJTBbkrSr4
— The White House (@WhiteHouse) May 29, 2026
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Mr. Trump also stated that no funds would be transferred until further notice and that he was heading to the Situation Room to make a final decision.
Iran responded within the last few hours to Fars News, rejecting several core conditions. According to Tehran, they want the release of $12 billion in frozen assets first, demand a ceasefire in Lebanon as a prerequisite, and do not accept terms requiring the free opening of the Strait of Hormuz or allowing the US to destroy uranium.
🇺🇸🇮🇷 Iran just published a point-by-point rebuttal of Trump's Truth Social postTheir version of the deal: no clause requiring Hormuz to be toll-free, no uranium destruction, and two things Trump didn't mention at all. $12 billion in frozen assets released immediately before… https://t.co/IFzIK1H4BF pic.twitter.com/O0Hl68tOEj
— Mario Nawfal (@MarioNawfal) May 29, 2026
This controversy is reminiscent of previous speculations surrounding the Hormuz agreement, which sent crypto markets soaring only to cool down again when the terms were not agreed upon and made public.
The $300 billion issue that Trump didn't mention.
The New York Times reported that a draft framework includes a $300 billion fund for the reconstruction of Iran, which US negotiators have dubbed the “international investment fund.”
Iran XEM this as war reparations, while Washington avoids mentioning the word.
“This program is called an ‘international investment fund,’ which the U.S. would support if a final agreement were reached. This stems from Iran’s demand for ‘compensation’ to end the war,” Chia to Kobeissi Letter.
Trump's post made no mention of the fund, which contradicts his statement that "no money was exchanged."
Rumors of secret deals with Iran also helped boost stock prices earlier this month.
Iranian officials reportedly warned that Trump might misrepresent the terms of the agreement to project an image of himself as the winner.
Markets are hoping for a de-escalation of tensions, but confidence remains fragile.
The crypto market has recovered on expectations that the Strait of Hormuz will be reopened, which could lower oil prices and ease inflationary pressures.
Analysts believe that oil price fluctuations related to the Strait of Hormuz are a crucial link between news from the Middle East and Bitcoin's liquidation .
The Bitcoin price chart over the past 7 days is still down 3.6%, reflecting the same sentiment volatility seen when Trump paused the attack on Iran earlier in this cycle.
Bitcoin price performance. Source: TradingViewThis draft Mnemonics will only remain in effect if, within the next 60 days, the release of assets, the scope of the ceasefire, and information related to the reconstruction fund are resolved transparently.
