Has Iran Agreed to Abandon Its Nuclear Program? Bitcoin Price Impact Explained

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According to widely circulating reports, Sky News Arabia has reported that Iran’s Deputy Foreign Minister said the country is prepared to abandon its entire nuclear program if the United States presents a satisfactory alternative offer.

Bitcoin is trading around $72,855 at the time of writing, recovering from the lows it hit when US and Israeli forces launched strikes on February 28.

When the conflict began, Bitcoin dropped sharply, falling to around $63,000 in a matter of hours. Over $300 million in long positions were liquidated.

Oil jumped 7% as traders priced in potential disruption to the Strait of Hormuz, the chokepoint through which roughly one-fifth of the world’s daily oil supply passes. With energy prices rising, inflation concerns followed.

Former US Treasury Secretary Janet Yellen captured the knock-on effect for crypto directly: “I think the recent Iran situation puts the Fed even more on hold, more reluctant to cut rates than they were before this happened.”

With the Federal Reserve’s March 18 meeting already in focus, a rate cut is now widely considered off the table. Higher rates mean tighter liquidity and tighter liquidity has historically weighed on risk assets including Bitcoin.

A ceasefire or deal would put that chain in reverse: oil falls, inflation pressure eases, and the conditions for a Fed pivot improve.

Also Read: Will Bitcoin Recover or Crash to $40K Next? Analysts Can’t Agree

SungHoon Lee, who claims to be the world’s highest IQ holder with a score of 276 and an XRP ambassador, said: “BTC to $100K isn’t a question anymore. It’s a countdown,” citing the potential for mass liquidation of short positions opened during the war.

THE SINGLE BIGGEST NEWS OF 2026 JUST DROPPED.