Digital asset markets saw modest gains as renewed optimism over a possible U.S.-Iran agreement improved overall risk appetite. Talks have resumed in Doha, where Iranian officials have gathered to continue negotiations, boosting hopes for a diplomatic resolution.

Bitcoin advanced roughly 1.6% in the past 24 hours to hover around $77,500, while ether added about 1.4%. The broader CoinDesk 20 index also moved higher, gaining करीब 1.56% as major cryptocurrencies edged up.

Sentiment has been supported by prediction market activity, where traders are increasingly betting on a near-term deal. On Polymarket, the probability of an agreement being finalized this month jumped to 37%, a sharp rise from about 14% earlier. Expectations increase further over time, with odds at 46% for early June and 72% by late July. Trading volume linked to this outcome has reached approximately $178 million.

Momentum picked up after comments from U.S. President Donald Trump, who said a preliminary framework has been reached but still requires final approval. At the same time, senior Iranian figures—including Mohammad Bagher Ghalibaf, Abbas Araghchi, and Abdolnaser Hemmati—arrived in Doha to take part in the discussions.

Negotiations are expected to focus on key geopolitical and nuclear issues, including the Strait of Hormuz and Iran’s reserves of highly enriched uranium. Qatar and Pakistan are acting as intermediaries, with Iranian officials describing the current stage as an initial memorandum of understanding. Broader talks are expected to continue over the coming 30 to 60 days.

The Strait of Hormuz, a crucial channel for global oil transport, has faced disruptions since late February amid tensions involving the U.S. and Israel, although some normal shipping activity has resumed.

In traditional markets, oil prices dropped sharply by 5.4% to around $91.30 per barrel, while gold prices climbed 1.35% to about $4,570 per ounce. The U.S. dollar also weakened slightly, with the Dollar Index slipping roughly 0.3%.

Despite improving sentiment, Trump struck a cautious note, stressing that any agreement must be comprehensive. He warned that failure to secure a final deal could reignite tensions and potentially lead to a broader conflict.