Bitcoin Swings to $79K Then Back to $78K on Iran's US Proposal and Trump Skepticism

Bitcoin swung sharply after Iran's latest peace proposal to the US, briefly breaking above $79,000 before reversing to around $78,000 amid skeptical remarks from former President Trump. This caps a volatile 14.5% 30-day rally to $78,336 with a $1.42T market cap, fueled by eased oil fears (Brent $107.74) from Pakistan-mediated talks despite March PCE inflation at 3.5% y/y and $490M spot ETF outflows. Earlier resilience shone through Iran tensions pushing oil over $115, ceasefire hopes lifting BTC past $70k, and recoveries from Trump threats and inflation dips.