Bitcoin price steady at $77,000 as markets await progress on Iran deal

Bitcoin prices recovered above $77,000 after falling sharply to around $74,000 over the weekend as investors awaited developments on the Iran document and expected U.S. economic data this week.

The stabilization came after a statement from the U.S. president in which he hinted at significant progress toward a deal with Iran, which markets viewed as signaling the possibility of an extension of the current ceasefire rather than a new escalation in the region.

Digital currencies saw a limited recovery over the weekend after Trump spoke of a largely negotiated deal, while analysts said it was possible to extend the truce for another 60 days.

Despite the relative improvement, market trends remained calm, with the U.S. market closing on Memorial Day and Bitcoin prices stabilizing above $77,000 without violent fluctuations.

But attention now turns to a series of important economic data in the coming days, the most notable of which are U.S. consumer confidence data for May, the Federal Reserve’s preferred inflation data (PCE), and U.S. GDP data for the first quarter of 2026.

On the other hand, spot ETFs (spot ETFs) performed poorly last week, recording outflows of more than $1.2 billion between May 18 and 22, and Ethereum funds also came under similar pressure.

At the altcoin level, most major assets traded in tight ranges, with Ethereum holding steady near previous levels, while BNB and TRX recorded small gains, while XRP, SOL, DOGE and ADA posted small losses.

As for HYPE, the currency with the largest increase last week, the pace of increase began to slow down after increasing by more than 40% in 7 days, but it still maintains considerable strength and is close to the list of digital currency projects with the largest market value.

Also read:

Bitcoin price rebounds to $77,000 after Trump signals about peace deal with Iran

Despite the earlier decline of 25%: HYPE digital currency reaches new high?