The price of bitcoin (BTC) this Wednesday, May 6, 2026, exceeded $81,900. This price level has not been recorded since the end of January 2026, and the main cause seems to be outside the technical charts: a possible thaw in the war that is keeping the global economy in suspense.
The following graph shows how the price of bitcoin has moved from January 1 to the time of this publication:
The market has reacted with optimism to the signs of a de-escalation in the war between the United States, Israel and Irana conflict that has already lasted more than two months of hostilities.
As a catalyst for the bullish movement, we can mention the announcement by the president of the United States, Donald Trump, of pause naval mission called «Project Freedom«. This operation aimed to escort merchant ships through the Strait of Hormuz, which has been blocked by Iran since February 28.
Trump cited ‘great progress’ in peace negotiations as a reason to stop military escorts, suggesting that a final agreement could be near.
For his part, Iran’s Foreign Minister, Abbas Araqchi, confirmed from Beijing that Tehran is willing to accept an agreement, as long as it is “fair and comprehensive.”
This glimpse of diplomacy has had an immediate effect on the markets. Brent oil fell standing at 102 dollars per barrel. Furthermore, the reduction in war tension usually encourages an appetite for risk in investors, who see bitcoin as a thermometer of global macroeconomic stability.
Despite the fact that the blockade in the Strait of Hormuz remains in force and that commercial shipping continues to suffer attacks – such as the recent impact against a French container -, Bitcoin investors appear to be “buying the rumor” of imminent peace.
However, caution remains. Previous mediation efforts in Pakistan have failed, and skepticism about Trump’s statements is often high. For now, the bitcoin chart reflects a hope that has yet to be confirmed in practice.