Bitcoin Reclaims $74,000 as Trump and Iran Pitch 2 Very Different Deal Terms

Bitcoin (BTC) climbed back above $74,000 on Friday as traders priced in renewed hope that Washington and Tehran are inching toward a ceasefire, even while the two sides publicly disagreed on what the actual deal contains.

The pioneer traded near $74,161, up roughly 1.1% over 24 hours, after President Donald Trump signaled a draft framework was on the table. Conflicting accounts from each capital, however, kept a final agreement out of reach.

Trump and Iran Outline Different Versions of the Same Draft

Trump said Iran “must agree” to permanently abandon nuclear weapons, reopen the Strait of Hormuz with no tolls, and allow the United States to remove buried enriched uranium left after a B-2 bomber strike last year.

"Iran must agree that they will never have a Nuclear Weapon or Bomb… I will be meeting now, in the Situation Room, to make a final determination." – President Donald J. Trump 🇺🇸 pic.twitter.com/qJTBbkrSr4

— The White House (@WhiteHouse) May 29, 2026

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He added that no money would change hands “until further notice” and that he was heading to the Situation Room for a final determination.

Iranian officials responded within hours through Fars News, rejecting several core claims. In their rebuttal, Tehran wants $12 billion in frozen assets released up front, a Lebanon ceasefire as a precondition, and no clause requiring toll-free Hormuz passage or US-led uranium destruction.

🇺🇸🇮🇷 Iran just published a point-by-point rebuttal of Trump's Truth Social postTheir version of the deal: no clause requiring Hormuz to be toll-free, no uranium destruction, and two things Trump didn't mention at all. $12 billion in frozen assets released immediately before… https://t.co/IFzIK1H4BF pic.twitter.com/O0Hl68tOEj

— Mario Nawfal (@MarioNawfal) May 29, 2026

The split echoes earlier Hormuz deal speculation that lifted crypto markets only to fade once disputed terms surfaced publicly.

The $300 Billion Question Trump Did Not Mention

The New York Times reported a draft framework that includes a $300 billion reconstruction fund for Iran, rebranded by US negotiators as an international “investment fund.”

Iran has framed the package as war reparations, while Washington has avoided that label.

“The program is being called an international “investment fund,” which the US would facilitate in the final deal. This comes as Iran demands “reparations” to end the war,” the Kobeissi Letter indicated.

Trump’s post made no reference to the fund, which clashes with his “no money exchanged” framing.

Similar secret Iran deal rumors lifted equity futures earlier this month.

Iranian officials reportedly warned that Trump would mischaracterize privately discussed terms to support a “victor” narrative.

Markets Bet on De-escalation, but Trust Stays Thin

Crypto markets rallied on the prospect of a Hormuz reopening, which would lower oil prices and ease inflation pressure.

Analysts have flagged the Hormuz oil price impact as the main bridge between Middle East headlines and Bitcoin liquidity.

Bitcoin’s seven-day chart still shows a 3.6% loss, mirroring sentiment swings tracked during Trump’s Iran strike pause earlier this cycle.

The draft memorandum holding depends on how the next 60 days handle asset releases, ceasefire scope, and any disclosure around the reconstruction fund.