EL7.AI
CryptoMediumUpdated×30•Originally published 29 April 2026•Updated 1 May 2026•
1 min read

Bitcoin Surpasses $78,000 Amid Reports of Iranian Peace Proposal to U.S.

Key Facts

1The Federal Reserve held interest rates unchanged in Jerome Powell's final policy decision as Fed Chair.
2President Trump rejected Iran's proposal to reopen the Strait of Hormuz and signaled a fresh wave of military strikes.
3Major cryptocurrency prices including Bitcoin, Ethereum, and XRP dropped following these developments.

Bitcoin reached a new milestone above $78,000 as reports of an Iranian peace proposal to the U.S. boosted risk appetite across global markets. Despite this geopolitical tailwind, historical data shows that Bitcoin has declined in 8 of the last 9 post-FOMC meeting periods, with an average drawdown of 11% within one week. While Bitcoin ETFs recorded net inflows of $14.8 million, Ethereum is facing a more complex environment. Increased volatility potential is emerging for Ethereum as regulatory challenges coincide with the latest diplomatic dialogues. This regulatory pressure adds to the existing outflows seen in Ethereum-linked products. Traders are now weighing the potential for a post-FOMC correction against the backdrop of easing Middle East tensions and shifting oversight landscapes.