Trump fuels market rally as Iran talks lift crypto and sink oil

President Donald Trump’s positive comments on U.S.-Iran negotiations have lifted crypto markets, pushed oil below $70, and added more than $74 billion to gold’s market value as investors reposition for easing geopolitical risks.

According to President Donald Trump, relations with Iran have remained positive and ongoing negotiations in Qatar are progressing well, prompting a swift reaction across financial markets as traders reassessed the likelihood of a prolonged Middle East conflict.

Speaking on Wednesday, Trump said Iran’s “denuclearization is well on its way” and described the meetings as “excellent” before adding, “We’ll see.” His remarks followed a Truth Social post earlier this week in which he said U.S. officials would meet Iranian representatives in Doha at Tehran’s request.

Crypto extends gains as geopolitical tensions ease

While diplomatic discussions continued in Qatar, Bitcoin climbed more than 3% to an intraday high of $60,401 before easing to $60,120 at press time. Ethereum gained 2.8% to $1,620, XRP added 1.5%, and Solana outperformed with a 5% advance. The total cryptocurrency market capitalization also increased about 2% to $2.14 trillion.

The rally came as investors reduced demand for traditional safe-haven assets tied to geopolitical uncertainty. Gold added more than $74 billion in market value during the session, while U.S. benchmark WTI crude oil fell more than 2% for the first time since tensions between the United States and Iran intensified, closing below the $70 level.

Analysts nevertheless urged traders to remain cautious despite the rebound, noting that negotiations are still underway and that market direction will continue to depend on diplomatic developments.

Earlier this week, as reported by crypto.news, renewed attention also returned to comments from Rich Dad Poor Dad author Robert Kiyosaki, whose March prediction that Ethereum could reach $95,000 by mid-2027 resurfaced across crypto social media.

Kiyosaki argued that a major global financial crisis could trigger a sharp repricing of alternative assets, forecasting Ethereum at $95,000, Bitcoin at $750,000, gold at $35,000 per ounce, and silver at $200 following such an event.

Markets remain focused on the outcome of Doha negotiations

Diplomatic efforts have continued beyond Trump’s latest remarks. U.S. representative Jared Kushner and envoy Steve Witkoff are in Qatar for another round of discussions, while Qatar and Pakistan are serving as mediators during the negotiations.

Separate talks have also taken place between Iran and Oman, which recently established a joint committee to address issues surrounding the Strait of Hormuz and other ceasefire-related matters. Those discussions have added to expectations that negotiations are expanding beyond the immediate nuclear issue.

Prediction market Polymarket currently assigns a 62% probability that the United States and Iran will extend their 60-day negotiation period. Although that estimate suggests traders expect diplomacy to continue, it does not guarantee an agreement.

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For now, Trump’s latest comments and the ongoing meetings in Doha have encouraged investors to price in a lower risk of further escalation. At the same time, market participants continue watching for concrete progress, since a formal agreement could extend the current rally across risk assets, while another breakdown in negotiations or the expiration of the 60-day deadline without an extension could reverse recent moves in cryptocurrencies, oil, and other global markets.