Bitcoin Reclaims $65,000 After VP Vance Claims Iran Nuclear Deal Progress
Bitcoin (BTC) rebounded above $65,000 on Monday after U.S. Vice President JD Vance stated that Iran agreed to readmit International Atomic Energy Agency (IAEA) nuclear inspectors, a claim quickly disputed by Iranian state-linked media. The cryptocurrency's recovery tracked a broader risk-on sentiment as oil prices eased on hopes of reopening the Strait of Hormuz. Vance made the announcement in Switzerland after approximately 18 hours of negotiations, describing the agreement as the first step toward ending Iran's nuclear weapons program. However, Fars News, affiliated with Iran's Revolutionary Guard, reported that the nuclear file was not on the agenda, creating uncertainty. Bitcoin had previously fallen from its October record of $126,080 amid geopolitical tensions, and traders remain cautious. At writing, BTC traded near $65,500, up 2% in 24 hours, while US crude oil hovered around $75 per barrel, near its lowest since March. Vance also suggested that any unfrozen Iranian assets would be used to purchase American crops under a Qatari-brokered plan.
Key facts
- Bitcoin reclaimed $65,000 after Vance claimed Iran agreed to IAEA inspections.
- Iranian state-linked media disputed the claim, saying nuclear file was not discussed.
- BTC trades near $65,500, up 2% in 24 hours, down 48% from October record.
- US crude oil fell to ~$75/barrel on hopes of Hormuz shipping recovery.
- Vance said unfrozen Iranian funds could buy US crops via Qatari plan.