The crypto market is showing strong momentum as geopolitical tensions between the U.S. and Iran begin to ease.
📈 Bitcoin surged above $70K, briefly touching the $72K range after news of a temporary ceasefire boosted global risk sentiment.
This rally highlights a key narrative:
👉 Crypto continues to behave like a macro-sensitive asset, reacting quickly to global events.
🔍 What’s happening now:
• Market sentiment shifted from fear → cautious optimism • Altcoins followed BTC with 5–8% gains • Oil dropped sharply, signaling reduced geopolitical risk • Institutional flows and short liquidations accelerated the move
⚠️ But stay cautious:
This could be a relief rally, not a confirmed breakout. Analysts warn that sustainability depends on whether the ceasefire holds and macro conditions improve.
📌 1D SSL sweep at $0.065 with monster volume reversal — bullish CHoCH forming as price reclaims Feb structure. Demand OB at $0.16-$0.18 holding strong.
⚡ Avoid if 4H candle closes below $0.158 — would invalidate the bullish OB and signal failed reversal.
Bitcoin rose nearly 2% to $68,807.8 by 02:24 ET (06:24 GMT).
$BTC Trump says Iran war could end in 2-3 weeks; Hormuz reopening unclear
Trump said on Tuesday evening that the U.S. intended to cease military operations against Iran in the next two or three weeks.
The president claimed that the U.S. had achieved its goals in Iran, specifically denting the country’s nuclear ambitions, and that Washington had also caused regime change in Tehran.
Trump also said it was not necessary for Tehran to accept a deal to end the war. But this left markets uncertain over whether the Strait of Hormuz will reopen.
Reports earlier this week, along with comments from Trump, suggested that the U.S. will not attempt to reopen the strait, instead leaving it to its European and Gulf allies.
Iranian ministers said they will reopen the strait but heavily implied that they could charge a toll for passage. Oil prices whipsawed on Wednesday.