Bitcoin (CRYPTO: BTC) is above the 200-day exponential moving average for the first time in three months as U.S. spot Bitcoin ETFs recorded $467 million in inflows and oil crashed 6% on U.S.-Iran peace deal hopes.

Iran Peace Deal Hopes Trigger Risk-On Rally

Bitcoin climbed to $82,000, alongside a more than 1% rise in Nasdaq futures amid reports of progress toward a U.S.-Iran memorandum of understanding.

Axios reported Wednesday that Washington and Tehran are close to a one-page memorandum aimed at ending the war. 

The draft agreement includes negotiations between U.S. envoys Steve Witkoff and Jared Kushner and Iranian officials conducted directly and through intermediaries.

The report…

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