- Trump’s Iran ceasefire claim triggered sharp market moves across oil, Bitcoin, and altcoins.
- Crypto surged as Bitcoin hit $68.5K and altcoins crossed $1T in total market value.
- Ethereum and XRP led gains as geopolitical signals fueled renewed institutional interest.
U.S. President Donald Trump said Iran’s new leadership has asked for a ceasefire, tying the move to the situation in the Strait of Hormuz. He said the U.S. would respond once the route is “open, free, and clear.”
Following this news, crypto markets reacted quickly, as Bitcoin jumped to $68,832 and altcoins pushed the total market value above $1 trillion. Meanwhile, with oil falling below $100,
Trump Signals Iran Ceasefire, Iran Denies
In a post on Truth Social, Donald Trump said Iran’s new leadership had asked for a ceasefire. He added that the U.S. would only consider stopping military action once the Strait of Hormuz is “open, free and clear.”
Further, Trump warned that military operations could continue until the shipping route is secured.
The comments came just hours before Trump was scheduled to deliver a speech in Washington, DC, which the White House described as an “important update on Iran.”
Meanwhile, a senior Iranian official quickly denied the claim, rejecting Trump’s statement that Iran’s “new regime president” had requested a ceasefire.
Bitcoin and Altcoins Jump as Risk Sentiment Improves
Crypto markets reacted quickly to the ceasefire signal. As the flagship cryptocurrency, Bitcoin price rallied above $69,200. Even spot Bitcoin exchange-traded funds also turned positive, showing growing institutional interest.
Ethereum climbed above $2,070, while Solana moved near $84, showing broad market strength.
Other altcoins performed strongly as well: Algorand (ALGO) jumped 19%, becoming the biggest gainer on CoinMarketCap, recovering from oversold levels, and XRP rose from $1.30 to $1.38, lifting its market value to about $83.4 billion.
Oil Slips as Hormuz Tensions Ease
Oil prices moved lower after ceasefire signals reduced fears of supply disruption. The Strait of Hormuz handles roughly 20% of global oil supply, making it one of the most important shipping routes for energy markets. Any reopening could ease supply pressure.
During the recent conflict, tanker traffic through the strait dropped sharply, and Brent crude surged above $150 per barrel.
Despite the rally, uncertainty remains. Iran has denied requesting a ceasefire, and Trump said action will continue until the Hormuz route is secured, keeping markets highly sensitive to further updates.
Related: Iran Warns of Strikes on 18 US Tech Firms, Including Apple, Google, Meta
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Source: https://coinedition.com/trump-signals-iran-ceasefire-as-crypto-jumps-oil-slips/