May 2, 2026 – Bitcoin rose against the U.S. dollar on Saturday, supported by investor optimism after new proposals from Iran aimed at ending the ongoing conflict in the Middle East.
Officials said Pakistan had received an updated proposal from Iran to de-escalate the war, which has also been shared with the United States. The development raised hopes of easing geopolitical tensions that have weighed on global markets.
However, Donald Trump signaled caution, saying he was not satisfied with the offer.
“Iran wants to make a deal, but I’m not satisfied with it,” Trump told reporters at the White House, adding that Tehran was seeking negotiations from a position of weakness.
Bitcoin traded around $78,200 on May 2, posting modest gains on the day and recovering from earlier volatility during the week.
The cryptocurrency showed mixed performance over the past seven days, briefly dipping below $76,000 before rebounding strongly toward the end of the week. Overall, it recorded a slight weekly decline of about $160, reflecting continued market uncertainty.
On a monthly basis, however, Bitcoin has surged significantly, rising more than 14% since early April, supported by improved risk appetite and expectations of easing geopolitical tensions.
Despite the recent recovery, Bitcoin remains down over 23% compared to the same period last year, highlighting longer-term volatility in the digital asset market.
Analysts said geopolitical developments, particularly in the Middle East, continue to influence investor sentiment, with any signs of de-escalation likely to support risk assets such as cryptocurrencies.