Bitcoin and stocks climb while oil drops on reports Iran may seek to end conflict

Bitcoin, Stocks Gain as Iran Signals Potential De-Escalation

Bitcoin and U.S. equities moved higher after reports that Iran may be open to ending the ongoing conflict under certain conditions.

The cryptocurrency was trading around $67,762, up nearly 2% over the past 24 hours, while U.S. tech stocks rallied sharply, with the Nasdaq rising about 3.1%. Oil prices, meanwhile, retreated, with WTI crude falling from near $105 per barrel to around $102.

The market reaction followed unconfirmed remarks from Iranian President Masoud Pezeshkian, who reportedly said Tehran would be willing to end hostilities if provided with adequate security guarantees.

The comments have raised hopes of a potential diplomatic resolution, easing concerns about a broader escalation that could disrupt global energy supplies, stoke inflation, and weigh further on financial markets.