Bitcoin holds near $67,500 as Trump signals he might end the Iran war even with Hormuz still closed

Bitcoin Holds $67,500 as Markets Grapple with Potential End to Iran War

Equity futures rallied while oil pared earlier gains on Monday’s report, but traditional markets remain under pressure. The S&P 500 is on its longest losing streak since 2022, and the MSCI Asia Pacific index is poised for its worst monthly performance since the 2008 financial crisis.

Bitcoin BTC $67,545 traded roughly flat Tuesday morning after bouncing from a low of $65,200 — the lowest level since the war began in late February. Ether (ETH) held above $2,000 at $2,062, up 0.4%, while Solana (SOL) fell 0.9% to $83.07, XRP dropped 2.2% to $1.32, and Dogecoin (DOGE) slid 2.1% to $0.09. SOL and XRP led weekly losses among the top 10 tokens, down 8% and 6.4%, respectively.

The Wall Street Journal reported that President Trump and aides have assessed that forcing open the Strait of Hormuz could extend the conflict beyond his planned four-to-six-week timeline. Trump reportedly told advisers he is willing to end the military campaign even if the strait remains largely closed.

S&P 500 futures rose 0.8% on the news, while WTI crude erased an earlier spike to $107 and settled near $103 following Iran’s strike on a Kuwaiti oil carrier near Dubai. Treasuries extended gains, and the dollar weakened versus most G10 currencies.

Against this backdrop, crypto continues to stand out. The total market capitalization sits at $2.32 trillion, largely unchanged over the past week while the Nasdaq 100 dropped roughly 5%. Bitcoin has remained range-bound between $65,000 and $73,000 throughout the Iran war, selling off on escalation headlines but avoiding a structural breakdown seen in equities.

JPMorgan noted that Bitcoin has weathered the Iran crisis better than traditional safe havens like gold and silver, highlighting its resilience amid global market turbulence. Gold’s ongoing decline has been one of the most disorienting signals in recent weeks, while the traditionally volatile crypto market has maintained its range.

Looking ahead, the key question is how a potential ceasefire might impact crypto. Ending the conflict could reduce headline-driven volatility, but a closed Strait of Hormuz would keep oil prices elevated, inflation expectations sticky, and complicate expectations for Fed rate cuts.

Monday’s dip below $65,200 followed by a swift rebound above $67,000 suggested strong underlying demand. Whether that demand holds through April depends on whether Trump’s willingness to end the war translates into an actual resolution or remains another headline in an already volatile month.