Bitcoin rose on Sunday, climbing 2.87% to $76,810.5, recovering from sharp losses earlier in the weekend after reports indicated that the U.S. and Iran were moving closer to a potential agreement.
The world's largest cryptocurrency had fallen to nearly $74,000 on Saturday before rebounding.
U.S. President Donald Trump stated that a deal between the U.S., Iran, and several other countries had been largely negotiated, subject to final approval. The proposed agreement includes reopening the Strait of Hormuz, a critical shipping route.
Negotiators discussed a 60-day ceasefire extension, sanctions relief for Iran, and measures to restore commercial shipping.
Bitcoin remains below its highs earlier this year. Markets are monitoring geopolitical developments and U.S. digital asset policy.
Ethereum surged 4.42% to $2,120.01, XRP rose 3.81% to $1.3609, Solana gained 5.24%, Cardano added 3.19%, and Dogecoin rose 3.23%.
