Bitcoin Rises on Iran Deal as Crypto Markets React to AI and SpaceX News

The Iran war has been halted by a preliminary agreement, and Bitcoin is benefiting noticeably. The AI ​​model Claude Fable 5 has been banned, Trump is celebrating his birthday, and the SpaceX IPO are among the topics covered in this article.

Bitcoin was trading above $65,000 on Monday morning, having gained about 5 percent over the weekend. Bitcoin ETFs saw an inflow of $86 million on Friday, but their balance for the past week remained negative at $316 million.

Markets rise on geopolitical easing, ETF flows, AI shutdown concerns, and SpaceX’s Bitcoin-heavy IPO spotlight

The cautious Bitcoin upward trend can be attributed to the provisional end of the Iran-Iraq War. US President Donald Trump secured a framework agreement with Tehran just in time for his 80th birthday; the signing is scheduled for Friday. To mark his milestone birthday, Trump treated himself to a martial arts demonstration in front of the White House, and Bitcoin was at least indirectly represented there by a number of crypto sponsors.

Photographer Andrew Leyden captured impressions of the specially constructed arena on X, where Polymarket, VeCHain, and Stake occupied advertising space. World Liberty Financial, a project closely linked to the Trump family, contributed $250,000 in prize money, as co-founder Zach Witkoff proudly announced on X. Despite all this, after roughly a year and a half of Trump’s second term, his record as the “Bitcoin President” is rather mixed, as the Block-Builders Report notes.

Ethereum was trading at just over $1,700 on Monday morning, up about 3 percent over the weekend. Ethereum ETFs reported a $5 million outflow on Friday, resulting in a total loss of $15 million for the past week.

The release of Claude Fable 5 in the Ethereum ecosystem last week was met with mixed reactions, with skeptics fearing that the new flagship in artificial intelligence would lead to further crypto hacks. However, the Trump administration has now ordered Claude Fable 5 to be shut down again due to “national security concerns.”

It’s likely too early to sound the all-clear for Ethereum and other platforms, though, as competitors in the AI ​​field are also constantly releasing new AI models. Ethereum mastermind Vital Buterin is generally positive about artificial intelligence and advocates for related standards within ETH.

The day’s winner is Zcash (EZ) with a 16 percent gain; the massive security vulnerability from ten days ago seems to have been forgotten already. This puts Zcash back in first place among privacy coins, ahead of Monero (XMR).

Audiera (BEAT) is the day’s biggest loser, down 21 percent, but its weekly gain of 33 percent remains considerable. However, due to unequal token distribution and low liquidity, Audiera remains a suspected “pump and dump” scheme, and private investors should exercise extreme caution with BEAT.

The crypto sentiment barometer has moved into the “fear” zone, as progress in resolving the Iran crisis has had a positive effect.

SpaceX’s stock market debut on Friday set records, as expected. Among those offering congratulations was Michael Saylor, founder of Strategy, the world’s largest Bitcoin company. On X, he expressed his gratitude to SpaceX founder Elon Musk, saying, “Thanks to you, 25 percent of all Mag8 companies now hold Bitcoin on their balance sheets.

“The “Mag8” refers to the major tech companies from Apple to Tesla. SpaceX had declared 18,712 Bitcoins in its IPO prospectus , with a market value of over $1 billion. The crypto community hopes that SpaceX will increase its Bitcoin reserves, thus supporting the leading cryptocurrency.

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(Featured image by Jievani Weerasinghe via Unsplash)

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