Overview
- President Donald Trump said on Truth Social that he ordered a five-day halt to planned strikes on Iranian power plants, describing recent talks as productive and tying any action to how those discussions progress.
- Bitcoin climbed into the low $71,000s and Ethereum rose to just above $2,150, while XRP advanced about 3.6%, U.S. stocks gained roughly 1% to 1.5%, and oil fell toward $90 a barrel.
- Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, denied that negotiations with the U.S. took place, highlighting a gap between the two sides’ accounts.
- Market analysts say crypto’s next move depends on whether oil prices cool and traffic through the Strait of Hormuz stabilizes, which could support another test near $74,000–$76,000 for bitcoin or, if tensions rise again, a slide toward the mid-$60,000s.
- This month’s sharp swings reflect war headlines and trading mechanics such as forced unwinding of leveraged bets and shifting flows into bitcoin funds, leaving any rally fragile if the conflict heats back up.