Reports from The Kobeissi Letter indicate that Iran has officially responded to a set of conditions the U.S. presented as a potential path toward a peace agreement.
Summary
- Bitcoin stayed near $78,000 as traders weighed Iran’s counterconditions and wider Middle East war risk.
- Crypto.news data showed Bitcoin up slightly daily, but still lower across the past week overall.
- Iran’s demands over sanctions, frozen funds and Hormuz kept oil-linked pressure on risk assets.
Iran has publicly stated its requirements for de-escalation include stopping all fighting in the Middle East, the removal of American economic sanctions, access to Iranian financial assets that are currently blocked, payment for damages caused by the war, and official acknowledgment of Iran’s control over the Strait of Hormuz.
The proposed terms from the U.S. are significantly different from what’s been previously discussed. They don’t include any payments to Iran or the release of Iranian assets held abroad. Instead, the U.S. is asking Iran to transfer 400 kilograms of uranium to them, and to limit its nuclear program to a single operating facility. A final agreement still requires more talks.
Bitcoin reaction remains cautious
Bitcoin was trading around $78,400, a slight increase of 0.69% over the past day, according to crypto.news data. Ethereum was priced at $2,190, and other cryptocurrencies like XRP, BNB, and Solana also saw small gains.
The recent price increase offered only a small amount of relief and wasn’t a sign of investors confidently buying back into the market. Over the past week, Bitcoin’s value decreased by 2.94%, and Ethereum fell by 5.81%. This difference suggests traders still see the current situation as a threat to the market.
Crypto tracks Iran headlines
As Crypto.news reported previously, Bitcoin stayed close to the $80,000 mark following comments from former President Donald Trump regarding Iran’s proposed peace terms. The price of BTC dipped briefly from $81,430 to $80,520, but quickly recovered and rose above $82,000 within a few hours.
As a crypto investor, I’ve noticed a clear pattern during this conflict: any news suggesting peace gives the market a temporary boost, but those gains quickly disappear when talks fall apart or threats escalate. Recent reports also confirm what I’ve been seeing – crypto prices are still heavily influenced by things like oil prices, the strength of the dollar, and any instability in the Strait of Hormuz. It’s a tricky situation, and I’m constantly adjusting my strategy based on these factors.
The Strait of Hormuz continues to be a significant factor influencing market responses. According to Reuters data reported by Crypto.news, this vital waterway handled roughly 20% of the world’s oil and liquefied natural gas shipments before the conflict started on February 28th.
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2026-05-17 15:46