Bitcoin jumps 5% to $65,100 as Trump asserts control over Iran deal

Bitcoin surged 5% late Sunday after President Donald Trump declared he "calls the shots" on Iran negotiations, overriding Israeli Prime Minister Benjamin Netanyahu and saying a deal could come within days.

Bitcoin rose 5% to $65,100 after President Donald Trump said he would override Israel's Benjamin Netanyahu to finalize an Iran nuclear deal.

"The market has consistently treated Trump's deal-making language as a near-term price catalyst," the BeInCrypto report said. "The recovery from the $82,000 high tracks almost exactly with the collapse in ceasefire confidence since mid-May."

The move capped a volatile evening that saw Bitcoin slip from $62,000 to $61,200 after Iran's Islamic Revolutionary Guard Corps launched warning strikes following Israeli attacks on Hezbollah sites in south Beirut. The losses reversed after Trump told Fox News the deal was "almost complete" and expected as early as Monday.

Bitcoin now trades roughly $16,900 below its mid-May peak of $82,000, with the gap reflecting the collapse in ceasefire confidence over the past three weeks. A confirmed deal could push prices toward the $74,000 level last seen during Trump's previous diplomatic push, according to the report.

The Sunday evening price action unfolded against a backdrop of escalating military exchanges. Israel struck sites in south Beirut linked to Hezbollah, killing two people and injuring at least 20, according to local reports. Iran responded through the IRGC with what it called "warning strikes," threatening wider retaliation if Israel continued its operations.

Trump intervened directly, calling Netanyahu to urge restraint. In an interview Sunday, Trump said he was "not happy" with Israel's strikes and noted the attacks were not coordinated with the US. "I call the shots. I call all the shots. He doesn't call the shots," Trump said, referring to the Israeli prime minister. He added that Netanyahu "won't have any choice" but to accept whatever agreement Washington reaches with Tehran.

Oil spike adds to macro pressure

The geopolitical turmoil rippled across broader markets. WTI crude futures jumped 7.1% to above $93.65 a barrel as Iran walked away from US-mediated talks and signaled it would look to block the Strait of Hormuz. The Dow Jones Industrial Average slipped 0.15% in opening trades, while the S&P 500 and Nasdaq were down less than 0.1%.

For Bitcoin, the key question is whether Trump can deliver a signed deal. The 5% spike Sunday suggests the market is pricing in a higher probability of resolution than during previous rounds of diplomacy. If Trump announces an agreement this week as promised, Bitcoin could test resistance near $74,000 — the level it reached during his last diplomatic push. If talks collapse again, the $60,000 support zone could come into play.

This article is for informational purposes only and does not constitute investment advice.