Bitcoin climbed above $69,000 on Monday as risk appetite improved after reports of a potential ceasefire between Iran and the U.S.
A reported rejection of the proposal by Iran and harsh rhetoric by Trump against Tehran did not dampen the mood.
The world’s largest cryptocurrency was last up 1.6% to $69,435.4 by 18:00 ET (22:00 GMT).
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Iran rejects ceasefire, Trump reiterates Tuesday deadline A Reuters report on Monday said Iran and the U.S. had received a plan to end hostilities that could take effect immediately and reopen the Strait of Hormuz, citing a source aware of the proposals.
The framework, assembled by Pakistan and exchanged overnight with both sides, outlined a two-tier process involving an immediate ceasefire followed by negotiations toward a broader settlement.
But Iran’s state media said the country had conveyed its response to the proposal, rejecting a ceasefire and instead emphasizing the necessity of a "permanent end" to the war.
Iran’s response consists of 10 clauses, state media said, including protocol for safe passage through the critical Strait of Hormuz and the lifting of sanctions.
Axios first reported on Sunday that the U.S., Iran and regional mediators were discussing a potential 45-day ceasefire as part of a two-phase deal that could lead to a permanent end to the war, citing U.S., Israeli and regional sources.
President Donald Trump later at a White House press conference reiterated a Tuesday deadline he had imposed on Iran to make a deal or face U.S. attacks on energy infrastructure.
"This is a critical period ... We’re giving them until tomorrow, 8:00 pm Eastern Time — and after that, they’re going to have no bridges. They’re going to have no power plants. Stone ages," the president said.
Investors also assessed a stronger-than-expected U.S. jobs report released on Friday, which reinforced expectations that the Federal Reserve may keep interest rates elevated for longer.
Strategy adds 4.8K Bitcoin to its stash Elsewhere, Strategy added 4,871 Bitcoin to its corporate treasury last week, paying an average of roughly $67,718 per coin for a total outlay of about $329.9 million, according to a Monday regulatory filing.
The latest purchase brings the company’s cumulative holdings to 766,970 BTC, acquired at a total cost of $58.02 billion and an average price of $75,644 per coin, according to the company’s boss, Michael Saylor.
With Bitcoin trading at $69,435.4, the position currently sits 8.2% below its cost basis, representing roughly $5 billion in paper losses.
Crypto price today: altcoins mostly climb Most altcoins also saw gains on Monday amid a risk-on mood.
World no.2 crypto Ethereum advanced 2.6% to $2,139.04.
World no. 3 crypto XRP rose 1.6% to $1.3338.
Solana added 1.1% and Cardano gained 1.6%.
