Bitcoin Resurrects After Hitting $74,000...Trump's 'Truce' Remarks Saved It

▲ US, Iran, Bitcoin (BTC)/AI generated image

Bitcoin (BTC) took a breather near $77,000 after a sharp weekend drop. After US President Donald Trump hinted at progress in negotiations with Iran, the market reflected the possibility of extending the current truce and halted its frantic selling, but its direction remains unstable ahead of major US economic indicator announcements this week.

According to CryptoPotato on May 25 (local time), Bitcoin fell to around $74,000 on Saturday before recovering to $77,000 the previous day, and has since shown stable movement at that price level. After Trump mentioned the possibility of a “largely negotiated” agreement with Iran, the cryptocurrency market saw a weekend rebound.

The market interpreted Trump's remarks as a potential extension of the current truce. The Kobeissi Letter stated, “It appears there has been further progress toward a 60-day truce extension in the Iran war.” CryptoPotato reported that Bitcoin remained stable slightly above $77,000 with the market closed for Memorial Day.

However, this week is packed with economic events that could shake the cryptocurrency market. On Tuesday, the May Consumer Confidence Index will be released, and on Thursday, the April Personal Consumption Expenditures (PCE) inflation data and US first-quarter 2026 Gross Domestic Product (GDP) data will be announced. While Bitcoin shows stable movement at $77,000, the market could increase volatility again depending on the results of inflation and growth rate indicators.

Bitcoin spot ETF fund flows also remained a burden. CryptoPotato reported that from May 18 to May 22, Bitcoin spot ETFs experienced one of their worst weeks recently, recording over $1.2 billion in outflows. Ethereum (ETH) ETFs also underperformed, but other products like Solana (SOL), XRP, and Hyperliquid (HYPE) funds saw increases in assets under management.

The altcoin market also largely showed a stagnant trend. Most top-tier assets by market capitalization showed little movement over the past 24 hours. Ethereum remained at a similar level to the previous day, while BNB rose 0.5% and TRON (TRX) rose 0.3%. In contrast, XRP, Solana, Dogecoin (DOGE), and Cardano (ADA) each fell by 0.3%.

Hyperliquid, which showed strong upward momentum last week, saw its rally slow down. After surging over 40% in the past 7 days, Hyperliquid showed signs of cooling off, but still maintained significant strength, ranking as the 11th project by overall cryptocurrency market capitalization.

Bullish assets over the past 24 hours were also clear. DEXE rose 20%, STABLE 15%, and XDC Network (XDC) 9.6%, recording the highest gains in the market. In contrast, Uniswap (UNI) fell 2.7%, making it the weakest altcoin of the day, followed by Kaspa and Sui. Bitcoin, taking a breather at $77,000, stood at the center of market observation ahead of this week's inflation and growth rate indicators.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*