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Bitcoin hovers near $78K amid Iran-US peace deal tensions and Middle East conflict risks

Market News
17 May 2026
Crypto news
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Neutral
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Bitcoin remained near $78,400 as traders reacted to Iran's counterconditions to a US peace deal proposal and ongoing Middle East conflict risks. Iran demands lifting US sanctions, release of frozen funds, compensation for war damages, and control over the Strait of Hormuz, while US terms exclude compensation and frozen asset release, requiring uranium transfer and limited nuclear activity. This standoff keeps oil-linked market pressure high, causing cautious crypto trading with Bitcoin down nearly 3% over the past week. The situation remains volatile, with peace talks and military threats influencing short-term crypto rallies and declines.

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