Bitcoin Advances Toward $84,000 Resistance on Optimism Over Mediated US-Iran Deal

Bitcoin climbed to $83,105 and tested resistance near $84,000, bolstered by reports that Qatar and Pakistan presented a compromise proposal to de-escalate U.S.-Iran tensions. The proposed agreement involves unlocking roughly $6 billion in frozen Iranian assets for IAEA inspections, which lowered Brent crude oil by up to 3.3% and boosted broader risk appetite. While a diplomat subsequently downplayed immediate deal prospects, Bitcoin held firmly above key support at $80,000. Institutional backing also supported the rally, led by BlackRock's spot Bitcoin ETF recording $665.16 million in net inflows.