Trump considers ending the Iran war to boost the market; Bitcoin rises along with risk assets

MaticHoleFiller · 2026-04-09T11:39:57+00:00

Tuesday, due to the possibility that the United States may end its war with Iran, the cryptocurrency market rebounded, with Bitcoin rising to $68,335 at one point. The market generally expects Trump to reduce military actions, driving stocks and bonds to rise simultaneously. Despite concerns about inflation, Bitcoin still shows resilience, with investors focusing on the need for downside protection.

MaticHoleFiller

2026-04-09 11:39:57

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Source: Zhitong Finance

On Tuesday during Asian trading hours, cryptocurrencies, stocks, and bonds all rose simultaneously, as the market digested a piece of news: U.S. President Donald Trump is considering ending the war with Iran.

Bitcoin temporarily surged 2.6%, reaching $68,335, then gave back some gains, trading around $67,500 at the time of writing. The second-largest cryptocurrency, Ethereum, briefly rose 3.3% intraday, while Solana and XRP increased by 2.2% and 1.5%, respectively.

The market rebound was driven by reports that Trump told his aides that the U.S. could end military operations against Iran without reopening the Strait of Hormuz, which could mean the conflict might end sooner than expected. S&P 500 futures reversed their decline and rose about 1%.

“The market expects Trump to want to exit the war,” said Pratik Kalla, portfolio manager at digital asset hedge fund Apollo Crypto. “Bitcoin’s price has shown strong resilience around $68,000.”

For most of March, despite declines in stocks and gold due to inflation concerns—fears that a prolonged closure of the Strait of Hormuz could trigger an energy crisis—Bitcoin remained resilient. So far this month, gold has fallen over 13%, while Bitcoin has risen about 3%.

This has made the crypto market appear relatively stable in recent weeks, contrasting with the previous few months. A sell-off in October caused Bitcoin to drop more than 45% from its monthly high of over $126,000.

Investors are still seeking downside protection. Data from crypto options platform Deribit shows that open interest in put options with a strike price of $60,000 exceeds $1.5 billion. However, Kalla said that buying of put options might weaken in the coming weeks.

“Bitcoin has shown extraordinary resilience, and all fund managers are aware of this,” he said.

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Editor: Zhu Hena

BTC1.18%

ETH-0.08%

SOL0.01%

XRP-0.36%

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