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Bitcoin nears $82K as oil prices drop 6% on hopes of a US-Iran peace deal.

Market News
06 May 2026
Coindesk
View Source
Bullish
pluang ai news

Bitcoin surged close to $82,000 and Nasdaq futures rose over 1% following reports of progress toward a US-Iran memorandum of understanding aimed at ending conflict. This optimism caused oil prices to fall about 6% to $95.28 a barrel, driven by hopes that oil flows through the Strait of Hormuz will normalize. While the deal reportedly includes Iran agreeing to remove highly enriched uranium, some analysts remain skeptical about lasting nuclear concessions. The potential de-escalation boosted risk appetite, shifting traders away from energy assets.

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