Investing.com rose on Wednesday, but failed to hold above $75,000, as risk sentiment continued to rise on hopes of renewed diplomacy between the United States and Iran.
The world’s largest cryptocurrency was up 0.4% at $74,571.7 as of 5:37 p.m. ET (9:37 p.m. GMT).
Bitcoin briefly reached highs above $76,000 in the previous session, before momentum slowed due to profit-taking.
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Trump says war is ‘almost over’
Bitcoin’s recent rally has mirrored gains in other risky assets such as stocks. Wall Street ended at a new record high on Wednesday as investors were encouraged by signs of easing geopolitical tensions after President Donald Trump signaled that negotiations with Iran could resume.
“BTC closed Tuesday at $74,171, up 10.6% since the start of the Iran war on February 28. Unlike most risk assets, it did not fall significantly when the conflict began and continued to rise throughout the recovery. Spot volume reached $8.7 billion and $9.6 billion on April 13 and 14 respectively, returning to January averages and above the daily average of $7.6 billion from March, supporting price action,” Dessislava Ianeva, analyst at Nexo Dispatch, said.
Speaking to Britain’s Sky News, Trump said it was “very possible” that a permanent ceasefire deal with Iran could be reached before King Charles’ visit later this month. He added that Iran was “beaten pretty badly.”
Earlier, Trump told Fox News’ Maria Bartiromo that the conflict, which began with joint U.S. and Israeli strikes against Iran in late February, was “almost over.”
The New York Post also reported that Trump expects temporary ceasefire talks between the United States and Iran to resume in the next two days, after an initial round of talks in Pakistan last weekend that produced no results.
White House press secretary Karoline Leavitt told reporters Wednesday that the United States “remains very engaged” in the negotiations and that the conversations are “productive and ongoing.”
“We are pleased with the prospects of an agreement,” Leavitt said, adding that reports that the United States had requested an extension of…
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