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Bitcoin vaults past $72,000 as U.S. stock futures surge on a two‑week U.S.–Iran ceasefire
Risk assets rose late Tuesday as oil collapsed after Trump and Iran confirmed the two-week ceasefire.
Apr 7, 2026, 11:53 p.m.
What to know:
- Bitcoin jumped to $72,700, with broader crypto and U.S. stock futures rallying after former President Donald Trump announced a two-week cease-fire with Iran.
- Oil prices tumbled more than 10%, with West Texas Intermediate crude falling to about $95 a barrel as the cease-fire eased fears over disruptions in Middle East energy supplies.
- The surge in bitcoin triggered nearly $600 million in leveraged crypto futures liquidations, mostly from short sellers, signaling a powerful short squeeze and reinforcing bullish momentum.
Meanwhile, the per-barrel price of West Texas Intermediate (WTI) crude collapsed more than 10% to $95 alongside a similar decline in Brent oil.
The risk-on action followed a two-week suspension of a planned widespread bombing campaign against Iran.
“I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump wrote in a post to Truth Social Tuesday evening, just before his 8 p.m. ET deadline.
“This will be a double sided CEASEFIRE! The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East.”
