$80K Bitcoin Target Back In Play As Trump Suggests US-Iran Talks Could Restart

Bitcoin futures markets lit up within an hour of US President Donald Trump hinting that diplomatic talks with Iran could resume as early as Friday. Open interest on Binance climbed nearly 2%, while CME recorded a 0.5% rise, reflecting a quick surge in bullish bets from derivatives traders.

Derivatives Market Responds Fast

Total Bitcoin futures open interest jumped over 8% in 24 hours, crossing $62 billion, according to data from CoinGlass. That kind of movement in the derivatives market signals traders are positioning for further upside, not just reacting to a short-term bounce.

Bitcoin itself climbed more than 4% over the same period, pushing past $78,000 — a level that puts the $80K target back within reach after weeks of pressure.

Price action followed in the wake of US equities indexes rebounding from their previous losses. The S&P 500, Nasdaq 100, and Dow Jones all climbed by about 1%, benefiting from the ceasefire extension as well as strong company earnings results. Risk assets across the board were bid up as investors responded to the softer tone coming out of Washington.

Trump told the New York Post that a second round of talks was possible as soon as Friday — a comment that quickly circulated across financial markets. Pakistan has also backed the push, with mediators actively working to set up a new round of negotiations.

The ceasefire between the US and Iran had already been extended by three to five days before these latest signals emerged.

Iran’s Position Remains Unclear

But the picture on Iran’s side is far from settled. According to the Tasnim news agency, Iran had no current plans to negotiate on Friday — a direct contradiction of Trump’s stated expectations.

Iranian Supreme Leader Mojtaba Khamenei has not been communicating directly, and a divide between IRGC generals and Iran’s civilian negotiators is adding to the uncertainty.