GM Trump-Iran 2-Week Ceasefire: Geopolitical Risk Drops, Crypto Surges
On April 7, 2026, President Trump announced a two-week ceasefire with Iran, suspending planned strikes. The deal requires Iran to immediately reopen the Strait of Hormuz for safe passage of oil tankers.
Immediate Market Impact
- Oil crashed: WTI dropped sharply as fears of supply disruption from the Strait (20% of global oil) eased.
- Crypto pumped hard: Bitcoin surged to ~$72K (+5%+), Ethereum +7-8%. Major altcoins (SOL, BNB, XRP) followed with strong green candles.
What’s your take? Holding through this or trading the volatility? Drop your thoughts below!