Trump's Iran Comments Spark Bitcoin Surge Amid Ongoing Conflict

US President Donald Trump's latest comments on the ongoing Iran war have sent shockwaves through the global market. Speaking at a White House event, Trump revealed that Iran has reached out for a deal, although he does not believe they are yet ready.

This news sparked a significant increase in Bitcoin prices, which rose sharply to $74,000 before retracing slightly to around $73,000. The broader crypto market also saw gains, with concerns over the war abating due to Trump's efforts to keep the Strait of Hormuz open.

However, despite Trump's claims of a potential deal, Israel has stated that it has detailed operational plans for the war extending beyond the next three weeks. This uncertainty has led to a decrease in the odds of a US-Iran ceasefire by May 31, with Polymarket data showing a drop to 49%.