Bitcoin rebounds 1.5% as US-Iran deal hopes add $526.6 million ETF inflow

Bitcoin regained momentum, climbing toward $83,000 on October 20, fueled by renewed optimism following reports of a potential US-Iran peace agreement. This uptick coincided with positive sentiment in broader markets, even as subsequent updates cast doubt on the proximity of any finalized deal. Sources with knowledge of ongoing talks revealed that Qatar and Pakistan had presented a compromise proposal to representatives in Washington and Tehran. Pakistani army chief Asim Munir delivered the proposal during a visit to Tehran, aiming to foster concessions between both parties and restore mutual trust after recent hostilities. According to the proposal, Iran would allow a secret International Atomic Energy Agency inspection of its nuclear facilities, while the United States would grant Iran access to interest accrued on $6 billion in frozen funds held in Qatar.

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