The U.S.-Iran conflict may be nearing a resolution. According to latest reports, a peace agreement could be finalized within the next 48 hours. The news sent a wave of optimism through global markets, with Bitcoin climbing close to $83,000 and major altcoins following suit.
Key Terms of the Proposed 14-Point Memorandum
The one-page memo reportedly includes several critical conditions. Both sides would lift blockades on the Strait of Hormuz, the U.S. would remove sanctions on Iran, and Iran would agree to a 15-year pause on uranium enrichment while transferring its stockpile of highly enriched uranium abroad — potentially to the U.S. If approved, the war would officially end, followed by a 30-day negotiation period for broader discussions.
U.S. Secretary of State Marco Rubio described the talks as "highly complex and technical," adding that some Iranian leaders are "insane." He stressed the need for a clear diplomatic solution but acknowledged the fragility of the process. Further negotiations are expected in Islamabad or Geneva.
Trump Halts Military Operation, Cites "Great Progress"
Donald Trump paused the U.S. military's Operation Project Freedom — aimed at reopening the Strait of Hormuz — citing "great progress" toward a "complete and final agreement" with Iran. Skepticism remains, however, as this is not the first time a deal seemed close.
Market Reactions to Peace Talks: A Pattern
The crypto market has reacted sharply to U.S.-Iran peace developments multiple times this year. After Trump's initial two-week ceasefire, Bitcoin jumped 5% to $72,000 while Ethereum gained 6%. When Iran later signaled openness to talks, Bitcoin hit a four-week high of $74,901. But talks collapsed on April 13, sending Bitcoin below $71,000. The latest progress has pushed Bitcoin toward $83,000 again.
The rally is broad-based. Ethereum is up about 2% intraday, while Solana, XRP, and Dogecoin are posting gains between 4% and 5%. Many analysts believe that if the conflict officially ends, Bitcoin could retest the $100,000 level amid stronger bullish momentum.