Bitcoin Rises Slightly, Trump's "Serious Talks" Lift Sentiment
Bitcoin strengthened on Monday (March 30th) after a sluggish Asian session, receiving limited support from US President Donald Trump's post on Truth Social stating that the US was in "serious discussions" with the new Iranian regime. Trump also said a deal was "possible" but warned of escalation if the Strait of Hormuz was not reopened.
Bitcoin rose and was last trading around $67,417 in US trading, remaining below the $70,000 threshold as market participants assessed that geopolitical risks had not abated.
Sentiment was also limited by developments in the conflict, particularly after the Iran-backed Houthi group launched missile attacks on Israel last weekend, opening a potential new front and increasing the risk of disruption to Red Sea shipping lanes. Meanwhile, Trump claimed Iran would allow 20 tankers to pass through Hormuz as a concession, while Iran reportedly continues to deny direct talks with Washington.
Beyond geopolitics, the crypto market remains sensitive to the inflation-energy channel. Concerns that high oil prices will trigger a more hawkish central bank response are considered negative for speculative assets, so Bitcoin's gains are likely limited despite the diplomatic headlines.
Other major cryptocurrencies also strengthened. Ether is around $2,063, while Solana is at $84.18, Cardano is at $0.2477, and BNB is at $615.51. XRP is trading around $1.34, and Dogecoin is around $0.0928.
Source: Newsmaker.id
