What to know : Bitcoin rose to $67,800, in tandem with 3% gains for U.S. stocks, after reports of comments by Iran’s President Masoud Pezeshkian hinted at eased geopolitical tensions. Pezeshkian reportedly signaled Iran would be willing to end the conflict in exchange for security guarantees, raising hopes for a diplomatic off-ramp and reducing fears of a wider regional war. Shares of crypto-linked firms rallied, with Coinbase up more than 6% and Robinhood up 5%, even as concerns linger over a 35% increase in gas prices since the war with Iran began.
Bitcoin rose alongside U.S. stocks after Iran’s President Masoud Pezeshkian reportedly said the country would be prepared to end the conflict if it receives security guarantees.
The crypto asset was trading at $67,762, up nearly 2% over the past 24 hours. The Nasdad about doubled its gain on the news, now higher by 3.1%. WTI crude oil, meanwhile, tumbled from just shy of $105 per barrel to $102.
Pezeshkian's unconfirmed remarks are raising the prospect of a diplomatic off-ramp, easing fears of a wider conflict that could disrupt oil flows, fuel inflation and continue to rattle global markets.
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