
Bitcoin held above $68,000 as investors reacted to signs Trump may seek a quicker end to the Iran war, though traders remain cautious.
Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump's statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran may be looking for ways to end the war.
On Tuesday, reporting from The Wall Street Journal said that President Trump told his aides that he could consider ending the war in Iran, with the Strait of Hormuz remaining partially closed, but an official statement has not been given.
Unconfirmed reports also suggest that Iran’s president is looking for a way to exit the conflict with certain assurances being made by the US and Israel. Regardless of the accuracy of the statements from either president, the Dow gained more than 1,125 points, while the S&P 500 and Nasdaq gained 2.91% and 3.83%, respectively.
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