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Jamie Redman

Bitcoin Reclaims $77,000 as Polymarket's US-Iran Peace Market Reaches $154.44M

Polymarket traders have wagered $154.44 million on whether the U.S. and Iran will reach a permanent peace deal by various deadlines through December 31, 2026. On May 23, 2026, President Donald Trump said his choice was a "solid 50/50" between accepting a diplomatic agreement and resuming strikes, while bitcoin rose 1.5% and moved back above $77,000. BTC hit an intraday high of $77,303 on Bitstamp at 4:30 p.m. ET.