Bitcoin reclaimed the $80,000 level for the first time in more than 3 months, climbing above $82,000 as global markets reacted to reports of a potential U.S.-Iran peace framework.
According to TradingView data, the rally pushed $BTC to a local high of $82,820 before momentum slowed near $83,000, marking one of Bitcoin’s strongest performances since February.
The price surge followed reports that the White House and Iran were nearing agreement on a 14-point memorandum of understanding aimed at ending the conflict and restoring safe passage through the Strait of Hormuz.
The proposed framework reportedly includes the reopening of oil traffic through the strategically critical shipping route, which had faced disruption fears during the conflict.
However, optimism faded later in the day after President Donald Trump cautioned that an agreement remained uncertain.
“Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end,” Trump wrote on Truth Social. He added that if Iran failed to agree, “the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before.”
Solana Rallies To $90, Marking 3-Week High
Solana also joined the broader crypto market rally, briefly touching the $90 level for the first time since April 17. TradingView data shows $SOL climbing to an intraday high of $90 as traders reacted to improving risk sentiment across digital assets.
The move extended $SOL’s recent recovery trend, with the asset rising almost 8% over the past week. Solana continues to outperform many major altcoins during the broader market rebound.
Digital Asset Investment Products Extend Inflow Streak
Despite heightened volatility, digital asset investment products recorded their fifth consecutive week of inflows. According to CoinShares’ Digital Asset Fund Flows Weekly Report, crypto investment products attracted US$117.8 million in inflows last week.
The headline number also masked sharp swings in investor sentiment during the week. From Monday through Thursday, investment products recorded four straight days of outflows totaling US$619 million. A single-day rebound on Friday reversed the trend entirely, with US$737 million flowing into digital asset products.
CoinShares reported that the Friday inflow ranked among the largest single-day inflows recorded in 2026 and likely reflected a rapid recovery in risk appetite. Total assets under management remained broadly unchanged at US$155 billion.
During the same period, Solana products saw $11.1 million in outflows, with Solana ETFs following the trend with $1.24 million in outflows as well.
However, there has been a reversal this week with over $5 million in inflows so far.
Stocks Continue Record Climb Despite Volatility
Traditional markets continued to show resilience despite geopolitical uncertainty. The Kobeissi Letter reports that the S&P 500 rose above $7,350 for the first time in history and now stands 16% above its March 30 low. The rally has added approximately US$9.4 trillion in market capitalization since late March.
Bitcoin has also outperformed several traditional assets during the recent geopolitical tensions. Since the conflict began, Bitcoin has gained 25%, while the S&P 500 has risen 8% and gold has declined 11%. The comparison has renewed debate over Bitcoin’s evolving role as a macro asset during periods of global instability.
Liquidations Surge Above $586 Million
The sharp market swings triggered widespread liquidations across crypto derivatives markets. According to CoinGlass data, total crypto liquidations exceeded US$586 million over the past 24 hours.
Short positions accounted for nearly US$400 million of the total, reflecting the speed of Bitcoin’s rebound above $80,000.
CoinGlass also reported that more than 140,000 traders faced liquidations during the period. The liquidation imbalance highlighted how aggressively traders had positioned for downside continuation before sentiment abruptly reversed.
Markets Remain Sensitive to Headlines
The latest market moves showed how quickly sentiment can shift across crypto, equities, and commodities when geopolitical developments dominate headlines.
With negotiations still unresolved and conflicting signals emerging from Washington and Tehran, traders across global markets appear likely to remain focused on geopolitical developments in the days ahead.
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