Bitcoin Tests $83K Amid US-Iran Deal Doubts

Bitcoin rebounded toward $83,000 on October 20 as reports of a peace proposal revived US-Iran deal hopes. A later update disputed claims that an agreement was close, underscoring uncertainty over nuclear talks, frozen assets, and Strait of Hormuz shipping. Walter Bloomberg, known as DeItaone, posted on X : “IRAN-US TALKS CONTINUE, REPORTS DEAL IS CLOSE ARE WRONG: PERSON.” The update challenged expectations of an imminent US-Iran deal without suggesting that negotiations had ended. Bitcoin’s initial rebound amounted to roughly 1.5%. Ethereum gained about 2.5%, while XRP advanced roughly 3%. The gains accompanied early optimism about diplomatic progress, leaving the market reaction distinct from confirmation of a settlement.

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