Bitcoin climbed above $87,000 after President Donald Trump confirmed that U.S. and Iranian officials held a three-hour meeting on the sidelines of the United Nations General Assembly in New York. Trump said a peace agreement was close, described the meeting as very good and very productive, and warned he could "annihilate" Iran if negotiations failed. Iranian officials continued to seek sanctions relief, the release of frozen assets and broader de-escalation before reopening the Strait of Hormuz. Bitcoin had gained about 14% in seven days, while spot Bitcoin ETF inflows and higher futures open interest supported crypto sentiment. Oil remained below $100 a barrel as markets weighed the possibility of reduced shipping disruption, while U.S. stock futures were mixed and Treasury yields remained near key levels for equities.