Trump Says 'Iran Really Wants To Make A Deal'— But BTC Is Still Down, Oil Is Still Up, And ETFs Are Still Bleeding

• Oil prices continued to rally on Monday morning amid record outflows from Bitcoin spot ETFs, adding pressure on the apex cryptocurrency.
• XRP, Solana, and Ethereum underperformed Bitcoin, with retail traders on Stocktwits expressing their frustration with Ripple’s weak performance.
• Hyperliquid’s HYPE token and Stellar’s XLM were among the few major cryptocurrencies posting gains.

President Donald Trump said on Monday morning that Iran “really wants to make a deal,” but it did little for Bitcoin’s (BTC) price, which slipped below $73,000 amid a rally in oil prices and record outflows from exchange-traded funds. 

“Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us,” Trump wrote in a post on Truth Social. “Just sit back and relax, it will all work out well in the end - It always does!”

Bitcoin’s price fell 1.3% in the last 24 hours to around $72,800 and was among the top trending cryptocurrencies on Stocktwits at the time of writing. Retail sentiment around BTC on the platform trended in ‘extremely bearish’ territory over the past day, accompanied by ‘normal’ levels of chatter.

Oil Rally, ETF Outflows Add Pressure On Bitcoin

The drop in Bitcoin came as oil prices climbed after Israel expanded its military push in Lebanon. Brent crude oil prices rose 2.6% to $93.80 per barrel , while U.S. West Texas Intermediate (WTI) prices gained 3.5% to trade at nearly $91 per barrel. The United States Oil Fund (USO) gained 3.5% in pre-market trade, with retail sentiment trending in the ‘bearish’ zone over the past day.

Spot Bitcoin exchange-traded funds (ETFs) also saw a record 10-day outflow streak of capital amounting to nearly $3 billion, according data on SoSoValue. The total net assets under management (AUM) for the cohort has dropped below $100 billion, but BlackRock’s iShares Bitcoin Trust (IBIT) still dominates the market with $58 billion of the overall pie.

According to crypto analyst Ted Pillows, Bitcoin’s price approaching a make-or-break level. “As long as Bitcoin holds above the $71,000-$72,000 zone, there's still a chance of rally. Below that, things could get ugly for Bitcoin,” he wrote in a post on X.

MN Fund founder Michael van de Poppe expressed optimism, stating on X that Bitcoin may not continue to fall. “A sweep of the lows and a reversal back upwards would be great to look for an entry when it flips the level back,” he wrote. 

Bitcoin Outpeforms XRP, Solana, Ethereum

Ripple’s XRP (XRP), Solana's (SOL) and Ethereum (ETH) led losses among the top 10 cryptocurrencies by market capitalization. XRP’s price fell 2.5% in the last 24 hours to around $1.31, and it was the top trending cryptocurrency on Stocktwits at the time of writing. Retail sentiment around the altcoin trended in ‘bearish’ territory over the past day. 

Many users on the platform expressed frustration with XRP’s continued underperformance relative to the broader market. XRP’s price has fallen nearly 40% over the past 12 months and is trading 64% below its record high of around $3.65, seen in July last year.

Meanwhile, Solana’s price fell 2.1% to around $81, with retail sentiment trending in ‘extremely bearish’ territory over the past day. Ethereum’s price continued its downtrend below $2,000, falling around 1.9% to trade at $1,986. It also saw retail sentiment trending in the ‘extremely bearish’ zone over the past day. 

CoinGlass data showed more than $300 million in liquidations over the past 24 hours, with leveraged bets on Ethereum leading against Bitcoin in the wipe out. 

The overall cryptocurrency market edged 0.9% lower in the last 24 hours to around $2.55 trillion. Hyperliquid (HYPE) continued to outperform, with HYPE’s price gaining more than 5% in the last 24 hours to trade at around $72, after hitting a record-high of $74 earlier in the day. XRP-rival Stellar (XLM) also extended gains, rallying nearly 4% in the last 24 hours to around $0.25. XLM’s price hit a 6-month high of over $0.29 last week.

Read also: Bitcoin Rises While Trump Weighs Iran Deal, But The Bigger Question Is Whether It’s Becoming Digital Gold

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