The Hilarious Bitcoin Rebound: Trump’s Peace Talks or Just Another Tweetstorm?

by

Well, hold onto your digital wallets, folks! Bitcoin (BTC) has surged more than 4% today, and the reason is as perplexing as trying to explain why cats hate water. Yes, it appears that US President Donald Trump has hinted at a potential peace treaty with Iran. Because when you think of resolving geopolitical tensions, you naturally think of cryptocurrency.

Just days ago, in a classic Trumpian fashion, he threatened to bomb Iran’s power plants into oblivion if they didn’t open the Strait of Hormuz within 48 hours. Yes, sounds like a diplomatic approach straight out of a kindergarten playground.

But wait! Come Monday, our dear leader announced via Truth Social (because nothing says ‘serious diplomacy’ like a social media post) that he had decided to hit the pause button on those threats.

“I AM PLEASED TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST…” And then, just for good measure, he instructed the Department of War to postpone military action against Iranian power plants for a whole five days. Because if peace isn’t achieved in five days, who knows what could happen? A global crypto crisis? Heaven forbid!

Surprisingly, this unorthodox approach led BTC to skyrocket from around $68,250 to over $71,000. Ethereum (ETH), not wanting to be left out of the fun, jumped from approximately $2,050 to $2,180-a gain of more than 6%. It’s as if the entire crypto market decided to join in on a joyous conga line, with the overall market cap up 2.4% at the time of writing.

However, not everyone is buying into the hype. Iranian officials promptly doused Trump’s flames of optimism with a bucket of cold reality. Mohammad Bagher Ghalibaf, the speaker of the Iranian Parliament, was quick to tweet that “no negotiations” were taking place with the US.

“Fake news is used to manipulate the financial and oil markets and escape the quagmire in which the US and Israel are trapped.” Because, of course, nothing screams ‘trustworthy’ quite like a political official denying negotiations while the world watches in bemusement.

Read More

2026-03-23 22:03