Bitcoin, crypto prices rise on peace deal odds

Cryptocurrency prices saw a modest increase as the probability of a U.S.-Iran peace deal climbed on prediction markets. Bitcoin, ether, and the broader CoinDesk 20 index all experienced gains. Traders on Polymarket significantly raised their odds for a permanent deal this month and into early June, reflecting optimism around ongoing diplomatic efforts mediated by Pakistan and Qatar. This geopolitical development appears to be influencing investor sentiment in the digital asset space, with some analysts suggesting a potential de-escalation could lead to further positive market movements.