Bitcoin Holds $67,500 Amid Trump’s Iran War Signals
Bitcoin BTC $67,545 steadied Tuesday after rebounding from a low of $65,200, its lowest level since the Iran conflict began in late February. Ether (ETH) rose 0.4% to $2,062, while Solana (SOL) fell 0.9% to $83.07, XRP slid 2.2% to $1.32, and Dogecoin (DOGE) dropped 2.1%. SOL and XRP led weekly losses among the top 10 tokens.
The Wall Street Journal reported that President Trump has signaled he is willing to end the campaign in Iran even if the Strait of Hormuz remains largely closed, concerned that forcing the strait open could extend the conflict beyond his planned timeline.
S&P 500 futures climbed 0.8% on the news, while oil pared earlier gains to $103 per barrel after Iran struck a Kuwaiti crude carrier near Dubai. Traditional markets remain under pressure, with the S&P 500 on its longest losing streak since 2022 and MSCI Asia Pacific heading for its worst month since 2008.
Despite broader weakness, crypto markets have shown resilience. Bitcoin has stayed range-bound between $65,000 and $73,000, selling off on escalation headlines but avoiding a structural breakdown. JPMorgan highlighted that Bitcoin is outperforming traditional safe havens like gold and silver, which have fallen even amid geopolitical uncertainty.
The key question for April is whether Trump’s willingness to end the war will translate into an actual ceasefire. A resolution could reduce headline-driven volatility, but a closed Hormuz would keep oil elevated, inflation expectations high, and complicate Fed rate-cut timing. Monday’s dip and snap recovery suggest solid underlying demand, but sustaining it depends on how the conflict develops.
