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Bitcoin Rises Above $72K Amid U.S.-Iran Talks
Bitcoin rose on Friday, with crypto markets showing cautious optimism ahead of potential ceasefire talks between the United States and Iran, while anticipation of key inflation data also kept sentiment restrained.
The world’s largest cryptocurrency gained 1.6% to $72,159.1 as of 07:05 GMT and was also on track for a 7.3% weekly gain, supported by improved risk appetite.
Bitcoin also drew support from optimism over more favorable crypto regulation in the U.S., although the passage of the CLARITY Act still appeared distant.
U.S.-Iran Ceasefire Talks in Focus Amid Mixed Signals
Market attention was fully focused on ceasefire talks between the U.S. and Iran, scheduled to take place in Pakistan in the coming days.
Tehran and Washington had agreed to a conditional ceasefire earlier in the week. But Iran almost immediately accused the U.S. and Israel of violating the agreement, demanding that Lebanon be included in the peace deal.
Reports from Iranian state media also indicated that Tehran denied earlier claims that its delegates had arrived in Pakistan for talks, and that negotiations remain suspended until sufficient guarantees regarding Lebanon are secured.
Iran also continued to restrict shipping through the Strait of Hormuz, drawing criticism from U.S. President Donald Trump.
The U.S. and Iran remain deeply divided over the terms of the ceasefire, with Tehran signaling it may impose transit fees through Hormuz — an idea condemned by Washington. Iran has also largely rejected U.S. calls to halt its nuclear activities and hand over its uranium.
Uncertainty surrounding the war and its economic consequences has weighed heavily on risk assets over the past month, although crypto markets have performed relatively better compared to other asset classes.
Crypto Prices Today: Altcoins Rise, CPI Data in Focus
The broader cryptocurrency market rose on Friday, following Bitcoin’s gains. However, the upside was limited by caution ahead of the release of key U.S. Consumer Price Index (CPI) data expected later in the day.
Core CPI inflation is expected to have risen sharply in March, as the war with Iran pushed global oil and gas prices higher. Higher inflation, in turn, gives the Federal Reserve less incentive to cut interest rates — a scenario that is typically negative for speculative assets.
The world’s second-largest cryptocurrency, Ether, rose 0.1% to $2,184.32, while XRP gained 0.6% to $1.3411.
Solana, Cardano, and BNB traded in a narrow range, as did meme coins Dogecoin and $TRUMP.
See also: "Bitcoin Rebounds to $72,000 After Overcoming Early Volatility"
