Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) have recovered as technical talks between the US and Iran continue, according to a US official.
This comes as Middle East tensions rise following two days of strikes that threatened to collapse an already fragile ceasefire, with President Trump saying the ceasefire is “over.”
Technical Talks with Iran Will Proceed, Says US Official
A US official confirmed that the US remains committed to a resolution and that technical talks with Iran will proceed, Bloomberg reported. These focus on issues including nuclear matters, the performance-based MOU, sanctions, and shipping in the Strait of Hormuz.
As a result, Oil prices slipped lower, the US 10-year Treasury note eased to around 4.54%, and the US dollar index (DXY) fell toward 100.5 on Friday. This helped trigger a significant jump in Asian stock markets and crypto prices of Bitcoin, XRP, and DOGE.
Meanwhile, Israel tells the US it has new intelligence implying Iran is planning a new assassination attempt against President Trump. At Khamenei’s funeral last week, Iranian mourners displayed a banner reading “We Will Kill Trump.”
Tensions in the Middle East are rising as reports claim Kuwait, the UAE, and Bahrain carried out coordinated strikes targeting Iran, with U.S. intelligence support. This comes after Iranian attacks on Kuwait, Bahrain, Jordan, and Qatar, including targeting U.S. military infrastructure.
Meanwhile, Democrats such as Chuck Schumer, Nancy Pelosi, Elizabeth Warren, and Mark Warner slammed Trump for failing to secure a ceasefire and dragged America back into a “dangerous and illegal war” with Iran.
Having failed to secure a lasting peace or achieve his stated objectives, President Trump has once again dragged America back into a dangerous and illegal war with Iran.
By ignoring the vote of the Congress to stop this war, the President has doubled down on endangering American…
— Nancy Pelosi (@SpeakerPelosi) July 9, 2026
Investors Push Bitcoin, XRP and DOGE Prices Higher
Bitcoin and the broader crypto market saw a notable upside momentum over the past few hours. BTC price climbed above $64,000 after a more than 1% jump in just an hour. In the last 24 hours, BTC has climbed nearly 4% over the past 2 days.
The derivatives market showed buying in the last few hours, as per CoinGlass data. The total Bitcoin futures open interest climbed 2.70% to above $47 billion in the last 4 hours. Massive buying was recorded across CME, Binance, OKX, Bybit and other crypto exchanges.
XRP also bounced higher, holding near $1.11 amid positive developments, including US-Iran talks on a potential ceasefire and nuclear deal. The intraday low and high were $1.09 and $1.11, respectively.
Fed Chair Kevin Warsh has announced task forces, led by industry insiders such as venture capitalist Marc Andreessen and XBOX CEO Asha Sharma, to overhaul central bank strategies, with a focus on AI, data, and inflation.
Whereas Dogecoin (DOGE) pumped more than 2% in the last 4 hours, with the price currently trading at $0.074. XRP and DOGE futures open interests also jumped 1% in 4 hours, signaling positive sentiment for further upside.
To capture these swift market movements, active traders can compare the leading platforms by exploring our guide to the best crypto apps for mobile trading.
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