Bitcoin, Crypto Stocks Climb on Reports That Iran's President Is 'Ready to End War'
Crypto stocks and Bitcoin surged Tuesday following reports that Iranian President Masoud Pezeshkian is willing to end ongoing conflict, conditional on guarantees against further aggression. Coinbase stock rose nearly 9%, Bitdeer shares jumped over 12%, and Nvidia gained 5%. Major U.S. indices also rallied, with the Nasdaq up 3.63%, S&P 500 up 2.7%, and the Dow up 2.32%. Bitcoin briefly surpassed $68,000 before settling at $67,821, up 1.9% in 24 hours. Ethereum climbed about 3.5%. Pezeshkian conveyed Iran’s intentions in a call with European Council President António Costa, confirmed on social media. Since the war began February 28, Bitcoin has risen from around $64,000, while the S&P 500 and gold prices have declined and oil prices have surged. Analysts suggest peace could trigger a strong market rally, though sustained growth would require increased institutional investment and regulatory clarity. The White House and President Trump had not issued official statements regarding Pezeshkian’s remarks as of Tuesday afternoon.
