TLDR
- Bitcoin climbed above $72,500 after Trump proposed a two week pause on Iran strikes.
- Ether rose more than 7% while Solana gained 8 percent and XRP added over 5 percent.
- Oil fell nearly 15% after the truce proposal linked to the Strait of Hormuz.
- S&P 500 futures rose 2.3% and Nasdaq futures gained 2.7% on the news.
- Trump said the pause depends on Iran reopening the Strait of Hormuz safely and immediately.
Bitcoin moved above $72,500 on Tuesday evening after Donald Trump proposed a pause in US strikes on Iran. The move came with a condition. Iran would need to reopen the Strait of Hormuz fully and safely.
The statement changed the market tone within hours. Crypto prices rose, while oil fell sharply and equity futures advanced. Traders had spent most of the day preparing for a possible rise in tensions.
The shift followed a Truth Social post from Trump. He said the United States would stop bombing Iran for two weeks. He tied the pause to what he called “complete, immediate, and safe reopening of the Strait of Hormuz.”
Bitcoin leads a broad crypto rebound
Bitcoin led the crypto rally as risk appetite returned. The asset gained more than 5 percent and moved above $72,500. It was the first move above that level since mid-March.
Other major tokens followed the same path. Ether climbed more than 7 % and traded near $2,260. Solana added 8% and XRP rose more than 5%.
Zcash posted the largest daily gain among major tracked coins. The privacy token jumped more than 26% over 24 hours. The move came as traders rotated into higher-risk assets.
The market reaction showed a fast change in sentiment. Earlier, investors had been watching for any sign of military escalation. Later, they responded to the chance of a short pause in fighting.
Oil drops as markets react to Hormuz proposal
Oil prices fell almost 15% after Trump’s announcement. Prices moved to about $94, which matched levels seen in late March. The drop reflected lower fears of near-term supply disruption.
The Strait of Hormuz remains a key route for global energy shipments. That made the reopening condition central to the market response. Traders viewed the proposal as a step away from immediate conflict.
At the same time, US equity futures moved higher. S&P 500 futures rose nearly 2.3 %, while Nasdaq futures gained 2.7%. The gains added to the wider risk rally across asset classes.
Markets had turned defensive before the statement. Oil had stayed elevated, and traders had reduced risk positions. The latest message reversed part of that move in one session.
Trump links strike pause to mediation effort
Trump said the proposal followed talks with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir. He described the plan as a “double-sided ceasefire.” Pakistan had backed a two-week truce proposal, according to the report.
The arrangement still depends on Iran reopening the Strait of Hormuz. That condition remains the main part of the offer. No separate confirmation from Iranian officials appeared in the report.
The timing mattered because markets had waited for Trump’s latest deadline. Investors expected a possible hard response if the route stayed closed. Instead, the White House message pointed to a temporary pause.
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