Bitcoin jumped to about $71,500 late April 7 after US President Donald Trump announced an abrupt halt to planned military action against Iran, signaling a possible de-escalation in the ongoing conflict.
In a post on Truth Social, Trump said he agreed Suspension of strikes on Iran For two weeks after direct talks with Pakistani Prime Minister and Army Commander Asim Munir.
He added that the halt is conditional on Iran agreeing to fully, immediately and safely reopen the Strait of Hormuz.
Trump framed the move as part of a broader diplomatic breakthrough. He said that the United States has already achieved its military goals and is close to finalizing a long-term peace agreement with Iran.
According to the statement, Tehran presented a ten-point proposal that Washington believes is a practical basis for negotiations.
The markets responded immediately. Bitcoin rose nearly 3%, reclaiming the $71,500 level, while earlier pressure on risky assets eased as traders priced in lower escalation risks.
The announcement comes hours after heightened tension ahead of Trump’s self-imposed deadline, which raised fears of widespread strikes on Iranian infrastructure. The two-week period now turns the focus back to negotiations.
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