Bitcoin edges higher on Iran ceasefire headlines as oil slides 4%

Crypto markets trimmed earlier losses late in the session after a report signaled potential de-escalation in the Middle East.

Prices, which had been under pressure for most of the day, stabilized and edged higher in the minutes following the close of U.S. equities.

According to Channel 12, a one-month ceasefire could soon be announced as part of ongoing negotiations led by White House envoys Steve Witkoff and Jared Kushner.

The report helped ease risk sentiment slightly, prompting a modest rebound across digital assets after a broadly negative trading day.