Iran Denies US Claims of Peace Deal, Potentially Jeopardizing Bitcoin Price Surge

Iran's Speaker of Parliament, Ghalibaf, has denied US President Trump's claims of a peaceful deal with Iran, potentially jeopardizing the recent surge in Bitcoin's price. The denial comes after Trump announced that the Strait of Hormuz was opened and that a permanent peace deal had been reached.

The Iranian official stated that the key Strait would not remain open if the US blockade continues, contradicting Trump's claims. This development has sparked concerns about the potential impact on Bitcoin's price, which surged to $78,000 in response to Trump's initial announcement.

Bitcoin tends to remain relatively stable over weekends unless there is a major escalation, and its progress may still be halted if Iran's claims are proven true. The crypto market will closely watch the situation unfold, but for now, the retracement to $77,000 is not significant. However, more volatility could be expected in the next 48 hours.