Bitcoin climbs back into the green as Trump signals an end to the Iran war
A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days.
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Summary
- Bitcoin rebounded above $63,000 after a week of risk-off selling, helped by a sudden de-escalation in the conflict with Iran.
- Global markets rallied on the perceived end of the Iran war, with oil prices falling, gold and silver jumping, and Asian stock indexes posting their biggest gains in months.
- Major cryptocurrencies broadly climbed alongside bitcoin, but the durability of the bounce hinges on a formal Iran deal that President Trump says could be signed in Europe this weekend.
