Bitcoin climbed to around $67,800 alongside a 3% rally in US equities after reports suggested Iran may be open to ending its conflict under certain conditions.
Iranian President Masoud Pezeshkian reportedly indicated the country would consider de-escalation if it receives security guarantees, easing concerns over a broader regional war.
The shift in sentiment lifted risk assets broadly, with crypto-linked stocks including Coinbase rising more than 6% and Robinhood gaining about 5%.
Bitcoin was last trading near $67,762, up around 2% over 24 hours, while the Nasdaq extended gains to roughly 3.1% as investors responded to the geopolitical developments.
Oil prices moved in the opposite direction, with WTI crude dropping from near $105 per barrel to around $102 amid expectations that supply disruptions may be avoided.
Despite the rally, underlying concerns remain, particularly after gas prices surged around 35% since the onset of the Iran-related conflict, highlighting ongoing inflationary risks.
The market reaction underscores how quickly global assets, including cryptocurrencies, respond to geopolitical signals that influence energy markets, inflation expectations and investor risk appetite.
At the time of reporting, Bitcoin price was $68,174.03.