What to know:
- Crypto prices rose as Polymarket odds for a U.S.-Iran peace deal increased to 37% this month.
- Iranian negotiators arrived in Doha for talks, focusing on the Strait of Hormuz and highly enriched uranium. Pakistan and Qatar are mediating.
- President Trump stated the agreement is “subject to finalization,” emphasizing a conditional tone: “a Great Deal for all or, no Deal at all.”
On Monday, cryptocurrency prices edged up slightly as expectations for a quick resolution to tensions between the U.S. and Iran increased. This optimism followed the arrival of Iranian negotiators in Doha for discussions.
In my research tracking the cryptocurrency market, I observed a positive trend over the last 24 hours. Bitcoin increased by 1.6% reaching $77,500, while ether saw a 1.4% rise. Overall, the CoinDesk 20 (CD20) index, which represents a broader segment of the market, went up by 1.56%.
Polymarket traders are now predicting a 37% chance of a lasting agreement this month, a significant increase from around 14% on Friday. They forecast a 46% probability by early June and a 72% chance by the end of July. Trading volume on this market has reached approximately $178 million.
After President Trump indicated on Saturday that a deal was still being finalized, Iranian negotiators have arrived in Doha for discussions. The Iranian delegation includes Mohammad Bagher Ghalibaf, Foreign Minister Abbas Araghchi, and Central Bank Governor Abdolnaser Hemmati, according to CNN.
According to a source familiar with the visit, discussions will center around the Strait of Hormuz and Iran’s highly enriched uranium. Iran’s foreign ministry says the current agreement is a preliminary understanding, with plans for more comprehensive talks within the next 30 to 60 days, as reported by CNBC. Pakistan and Qatar are working as mediators in these discussions.
Since February 28th, the Strait of Hormuz has been mostly closed off following attacks by the U.S. and Israel on Iran, though some shipping has begun to move through the area again recently.
The price of crude oil dropped 5.4% to $91.30 a barrel, while gold increased by 1.35% to $4,570 an ounce. Meanwhile, the dollar lost some value, with the U.S. Dollar Index (DXY) declining by about 0.3%.
Trump continues to suggest any agreement must be highly beneficial for everyone involved. In a post on Monday, he stated it would be ‘a Great Deal for all or, no Deal at all,’ adding a threat of renewed conflict, but promising it would be ‘bigger and stronger than ever before.’
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2026-05-25 20:03