Bitcoin and other cryptocurrency values have seen an uptick as the likelihood of a U.S.-Iran peace agreement has increased. Iranian representatives have arrived in Doha for discussions centered on the Strait of Hormuz and highly enriched uranium, with mediation from Pakistan and Qatar. What to know:

— Cryptocurrency prices increased as Polymarket’s odds for a U.S.-Iran peace deal rose to 37% this month.

— Iranian negotiators have reached Doha for discussions focusing on the Strait of Hormuz and highly enriched uranium, with mediation from Pakistan and Qatar.

— President Trump remarked that the agreement is ‘subject to finalization,’ indicating a conditional stance: ‘a Great Deal for all or, no Deal at all.’

On Monday, crypto prices edged higher alongside rising probabilities in prediction markets for a potential U.S.-Iran peace deal, coinciding with the arrival of Iranian negotiators in Doha. Bitcoin saw a 1.6% increase in the last 24 hours, reaching $77,500, while ether climbed 1.4%, and the broader CoinDesk 20 (CD20) index advanced by 1.56%.

Traders on Polymarket have raised the chances of a lasting deal this month to 37%, up from approximately 14% on Friday. The odds are projected at 46% by early June and 72% by the end of July. The market has seen a volume of around $178 million.

This development followed a post on Truth Social by President Trump on Saturday, stating that the framework agreement is ‘subject to finalization.’ Key Iranian negotiators, including chief negotiator Mohammad Bagher Ghalibaf, Foreign Minister Abbas Araghchi, and Central Bank Governor Abdolnaser Hemmati, arrived in Doha earlier today for discussions, according to CNN.

A diplomat familiar with the discussions informed CNN that the agenda is primarily focused on the Strait of Hormuz and highly enriched uranium. Meanwhile, Iran’s foreign ministry has characterized the deal as a memorandum of understanding in its initial phase, with broader discussions expected over the next 30 to 60 days, as reported by CNBC. Pakistan and Qatar are facilitating the mediation.

The Strait of Hormuz has faced significant blockades since the U.S. and Israel targeted Iran on February 28, although some traffic has resumed in recent days. Crude oil prices dropped by 5.4% to $91.30 per barrel. Gold prices increased by 1.35% to $4,570 per ounce. The U.S. dollar weakened, with the U.S. Dollar Index (DXY) declining by approximately 0.3%.

Trump’s remarks continue to maintain a conditional tone. ‘It will only be a Great Deal for all or, no Deal at all — Back to the Battlefront and shooting, but bigger and stronger than ever before,’ he stated on Monday.