Key facts
- Bitcoin and XRP prices rebounded after President Donald Trump suggested Iran is seeking a deal.
- U.S. forces completed strikes on nearly 90 Iranian military targets.
- Iran's IRGC announced retaliatory attacks on U.S. military infrastructure in Kuwait and Bahrain.
- Earlier, the crypto market saw a selloff with approximately $450 million in liquidations.
- Bitcoin had dipped near $61,500 amid earlier tensions before rebounding above $62,500.
Bitcoin and XRP experienced price rebounds following comments from U.S. President Donald Trump indicating that Iran was seeking a deal after U.S. forces completed strikes on nearly 90 Iranian military targets. Earlier, the cryptocurrency market had seen a significant selloff, with approximately $450 million in leveraged liquidations occurring across major digital assets, pushing Bitcoin below $62,000.
President Trump stated that Iran had called him, expressing a strong desire to make a deal. However, he voiced uncertainty about honoring such an agreement given previous ceasefire violations and strikes against U.S. forces in the Middle East. The U.S. Central Command confirmed the completion of strikes targeting Iranian air defense systems, surveillance sites, and naval assets.
In retaliation, Iran's Islamic Revolutionary Guard Corps (IRGC) announced it had attacked U.S. military infrastructure in Kuwait and Bahrain. Sources cited by CoinGape, however, rejected Trump's claim that Iran was "begging for a deal," suggesting the Trump administration was instead repeatedly requesting talks.
Bitcoin had dipped near $61,500 amid earlier tensions but bounced back above $62,500, while XRP recovered from lows around $1.09. Trading volumes for both assets remained subdued as traders awaited further macroeconomic catalysts.