The cryptocurrency market has experienced a notable surge on May 5, 2026, with Bitcoin holding steady near $81,000 and several altcoins edging higher.

Bitcoin has edged lower after briefly moving close to the $80,000 level on Tuesday.

Bitcoin (BTC-USD) surged to a three-week high following an initial ceasefire agreement between the US and Iran, sparking a rally in risk assets.

Bitcoin fell in Asian trading on Tuesday, as cryptocurrencies were affected by broader market uncertainty ahead of Donald Trump’s deadline for Iran.

Bitcoin climbed back above $70,000 on Monday for the first time since March 25, as investors reacted to reports that Iran may be seeking a ceasefire in the ongoing war, despite escalating threats from US President Donald Trump.

Bitcoin is showing unusual on-chain signals as transaction fees fall to their lowest level in six years, raising questions about whether the market is approaching a potential turning point.

Bitcoin declined after US President Donald Trump signaled tougher military action against Iran in the coming weeks, dampening expectations of a swift end to the conflict and weighing on risk assets.

Bitcoin maintained modest gains on Wednesday after ending a five-month losing streak in March, boosted alongside other risk assets by US President Donald Trump’s announcement that he intends to end the war in Iran within weeks.