Bitcoin price rises today after Iranian President Masoud Pezeshkian said they are ready to end the war as long as they get security guarantees. US President Donald Trump had also indicated earlier in the day that they may end the war in Iran soon, providing positivity to the cryptocurrency market.
Bitcoin price rises to more than $68,000 as Iran prepares to end the war
Bitcoin rose above $68,000, up more than 2% from an intraday low below $66,000, according to TradingView data. The leading cryptocurrency is currently trading at around $68,200, after rising to $68,400.
The rise in Bitcoin prices comes after reports that the Iranian president said they were ready to end the war, although he added that the US must meet their demands and provide guarantees that war will not happen again. This comes hours after CoinGape announced the US President Donald Trump was ready to end the Iran war Without reopening the Strait of Hormuz.
Trump told the New York Post earlier today that he believes the Iran war will end soon and that the Strait of Hormuz will automatically reopen when the war ends. He also stated that he did not believe they had any reason to stay in Iran any longer, given that they had achieved their goals of ensuring that Iran did not have a nuclear weapon.
However, it remains uncertain whether the United States will be able to meet Iran’s demands, even if that is possible Bitcoin price Marches in hope of an imminent end to the war in Iran. The demands include ending acts of aggression, ensuring that the war does not recur, paying war reparations and reparations, ending the war against Iran’s proxies, and granting Iran sovereignty over the Strait of Hormuz.
Oil prices falter amid hopes for de-escalation
Oil prices fell on hopes that the war between the United States and Iran will end soon, which also contributed to the rise in Bitcoin prices today. Brent crude futures fell to $105, down about 4% on the day.
West Texas Intermediate crude futures also fell to $101 per barrel, down about 2% today. Another positive for Bitcoin price and others Crypto prices Is that the Strait of Hormuz is seeing an increase in traffic amid negotiations between the United States and Iran.
Bloomberg data shows that weekly transits in both directions along the strait rose to an average of seven oil ships during the day yesterday, up from five ships the previous week. Meanwhile, despite recent comments from the Iranian president and Trump, cryptocurrency traders are still betting on a ceasefire by April. There is only a 38% chance of a ceasefire between the US and Iran by April 30, according to Polymarket data.
