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Ahmed Barakat
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We’ve woken up to rare green Bitcoin candles as Trump’s peace deal with Iran pumps the market, while preparations for Japanese cryptocurrency ETFs show there are significant institutional inflows lined up. That’s not all from today, as a UFC event at the White House is set to showcase Trump’s performances in spectacular fashion.
Bitcoin jumped back above $65,000, reaching $65,800 earlier in the day, and Ethereum reclaimed $1,700, adding about $60 billion to the cryptocurrency’s total market capitalization amid nearly $250 million in short liquidations.
Trump’s peace deal with Iran sends bitcoin as it extends ceasefire for 60 days, reopens the Strait of Hormuz, lifts US naval blockade of Iranian ports, and allows Iran to resume oil exports. Iran reaffirms its commitment not to seek nuclear weapons while negotiations begin over its stockpile of enriched uranium, which exceeds 9,000 kilograms, under international supervision.
The agreement, which Iran announced today after Trump’s repeated comments, will likely lead to the resumption of global oil flows and represents the largest calm in the region since the conflict began. Oil prices fell on the news, giving risk assets such as cryptocurrencies a clear boost.
This Iranian trade sends Bitcoin above the $65,000 level in less than 30 minutes during the Japan-Netherlands World Cup match. Trump’s constant pressure general The comments paved the way, with markets pricing in less geopolitical risk. Today’s announcement by Iran has changed the uncertainty. It’s a bullish market now.
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Beyond the Iran Peace Deal and the Bitcoin Rise: Japan’s $6.4B Crypto Fund, a UFC Event at the White House, and Trump’s Crypto Fingerprints
Japan’s Financial Services Authority is setting up a cryptocurrency ETF and investment funds. SBI, Rakuten, Nomura, Daiwa, SMBC and Mizuho are already known to be building new products. The country itself has 13 million cryptocurrency accounts containing $34 billion, with taxes potentially reduced from 55% to 20%. Analysts peg the Japanese cryptocurrency ETF opportunity at $6.4 billion in inflows once it goes live.
Although the Bank of Japan’s interest rate hike may pressure risk assets in the short term by raising borrowing costs. The launch of crypto ETFs in Japan will be a powerful counter, bringing in new institutional capital and giving cryptocurrencies more legitimacy. Lower taxes as well as more regulated products can quickly accelerate retail and corporate adoption.
Back on the other side of the world, the US president has spent months pushing pro-crypto policies, supporting Bitcoin and Ethereum ETFs, and even entertaining the idea of a Bitcoin Strategic Reserve. Meanwhile, projects linked to the Trump family continue to find ways to capitalize on the industry’s growth. Through WLFI, the family is exposed to token sales, Stable coin The revenue, the endless stream of speculation that accumulates in the family crypto pockets.
None of this proves wrongdoing. But it creates an awkward setup. Trump is arguably the most influential political cheerleader for cryptocurrencies, while also being one of its biggest beneficiaries.
The White House UFC event is a perfect example. Trump understands attention better than anyone, and cryptocurrencies depend on attention. Yes, the White House is hosting a UFC event, and World Liberty Financial will contribute $250,000 in $1 stablecoins to the UFC Freedom 250 Fight Night reward pool. The event will take place on the South Lawn of the White House in honor of President Trump’s 80th birthday, with USD1 branded inside the Octagon.
Either way, Trump’s cryptocurrency ventures have performed remarkably well, while a lot of retail traders have been left holding the bag. It is also for this reason that some increasingly view the ecosystem as an extraction machine rather than a political one.
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Delisting USDT, etc
Outside of the White House circus, the industry continues to move. Binance, Coinbase, Kraken, and Crypto.com have removed USDT for EU users as MiCA rules come into effect. Tether’s decision to skip the licensing process created a short-term headache, but the market largely treated it as a regulatory U-turn.
Meanwhile, Senator Cynthia Lummis continues to push for clearer rules for cryptocurrencies. According to her, regulation is necessary to protect investors and not just benefit the industry.
Charles Hoskinson also explained the controversy surrounding a 1,096 Bitcoin payment linked to the 2016 Cardano crowdsale audit. The value of Bitcoin was less than half a million dollars at the time. Today it is worth about $70 million. The pain and operation were excruciating, but they were necessary.
Markets are getting a boost from easing geopolitical tensions, but let’s be honest, Trump remains one of the biggest narratives in the crypto space right now.
Bitcoin was supposed to remove the need for powerful intermediaries. However, one of the strongest bullish arguments for cryptocurrencies in 2026 is that the President of the United States has become one of its most effective promoters.
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