Bitcoin Holds $78,180 After $78,800 Peak on Iran Peace Update, S&P Record High

Bitcoin holds at $78,180 after peaking near $78,800 on May 2 amid Iran's revised U.S. peace proposal easing Middle East tensions, sliding Brent crude to $106/barrel and coinciding with $2.1B options expiries for a 3% intraday gain. The recovery followed a dip below $75,000 on April 30 after a hawkish Fed rate hold and oil's $120/barrel peak, building on April's 13-16% rally from $70,000 that hit a 12-week high of $79,488 on April 27. Key supports include MicroStrategy's $3.9B BTC buys and $1.97B spot ETF inflows in April, with $80K resistance amid macro risks.