US-Iran peace near; Bitcoin edges above $64,000

Pakistani Prime Minister Shehbaz Sharif said the United States and Iran could finalise a peace deal within 24 hours and that Pakistan was preparing for an electronic signing once terms are concluded. His office added that technical-level talks were expected next week. The prime minister wrote on social media: “We are closer to a peace deal than ever before. With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.”

Markets reacted with a measured rise in crypto prices. Bitcoin traded around $64,100, gaining roughly 1.2% to 1.4% over the prior 24 hours. The total market value for cryptocurrencies increased by about 1% to near $2.2 trillion. The Crypto Fear and Greed Index remained near 20, indicating persistent fear among traders.

Short-term technical indicators improved on the four-hour chart. Bitcoin moved above its 20-period and 50-period exponential moving averages and reclaimed the volume-weighted average price area, suggesting recent selling pressure had eased. The four-hour relative strength index was near 59, and average true range readings pointed to falling volatility.

Larger resistance levels remain above the current price. Bitcoin is still below the 100-period EMA near $66,100 and the 200-period EMA near $69,650; a move above the $66,000 zone would place the price above the 100-period EMA.

Market participants said the outcome could change quickly. A formally signed agreement could extend the short-term relief in risk assets, while any delay in talks or a fresh military incident would likely put pressure back on markets. The announcement followed several days of heightened geopolitical tension that had weighed on riskier assets, and participants said they would assess the terms and durability of any de-escalation before increasing positions.