Bitcoin ticks up above $77k as traders weigh Iran peace deal prospects

 Bitcoin edged higher above $77,000 on Wednesday as investors cautiously weighed signs of progress in U.S.-Iran peace negotiations, although rising Treasury yields and caution ahead of Nvidia’s earnings kept broader risk appetite in check.

The world’s largest cryptocurrency last traded 0.4% higher at $77,175.4 by 01:58 ET (05:58 GMT).

Bitcoin slipped near $76,000 at the start of this week, losing momentum after hitting levels above $82000 last week.

Traders weigh Iran peace prospects; Nvidia results ahead

Market sentiment improved slightly after U.S. President Donald Trump and Vice President JD Vance struck a more optimistic tone on diplomatic talks with Iran.

Trump said on Tuesday the war with Iran could end “very quickly” if negotiations progress, while also revealing he had been “an hour away” from authorizing another strike before delaying military action to allow more time for diplomacy

Vance said Washington and Tehran had made progress in ongoing talks and added the U.S. remained “locked and loaded” if negotiations fail.

Oil prices eased slightly on hopes of de-escalation, with Brent crude slipping but remaining above $110 per barrel. Analysts said any meaningful decline in oil prices could help ease inflation fears that have recently pressured cryptocurrencies and technology stocks alike.

Bitcoin has struggled to regain momentum after retreating sharply from last week’s highs above $82,000. The rally driven by optimism around institutional adoption and crypto-friendly U.S. regulation has recently been overshadowed by surging global bond yields and persistent inflation concerns.