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Bitcoin Jumps Above $78,000 After Iran Sends Revised Proposal via Pakistan

Strong ETF buying has helped keep a floor under Bitcoin during the latest diplomatic headlines.

Overview

  • Bitcoin rose past $78,000 after reports that Tehran sent a revised peace proposal to U.S. mediators through Pakistani channels.
  • Prices reached about $78,800 with a gain of more than 3% from the day’s low, according to TradingView data.
  • President Trump said he is “not satisfied” with Iran’s latest offer as White House envoy Steve Witkoff delivered new requirements that restore nuclear issues to the draft.
  • Brent crude fell to roughly $106, down more than 4% as traders priced a lower chance of wider conflict affecting oil flows.
  • U.S. spot Bitcoin ETFs drew $1.97 billion in April, led by BlackRock’s IBIT, while about $2.1 billion in Bitcoin and Ether options expired the same day, adding to sharp moves.