TLDR
- Bitcoin climbed to around $67,800, up nearly 2% in 24 hours
- U.S. stocks posted their strongest single-day gain in over a month, with the Nasdaq up 3.1%
- Iran’s President said the country has “the necessary will to end this war” if security guarantees are met
- Oil dropped, with Brent crude falling over 2.9% to around $104 per barrel
- Crypto-linked stocks rallied, with Coinbase up over 6% and Robinhood up 5%
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Bitcoin and U.S. stocks both rose sharply on Tuesday after reports emerged suggesting Iran may be open to ending its conflict under certain conditions.
Iran’s President Masoud Pezeshkian told state media that his country has “the necessary will to end this war.” He said Iran would be prepared to de-escalate if it received security guarantees.
BREAKING: Iran’s President Pezeshkian says Iran is ready to end the war with the US but wants guarantees.
US stocks are surging on the news. pic.twitter.com/O1cePDFw6Q
— The Kobeissi Letter (@KobeissiLetter) March 31, 2026
The comments were unconfirmed but enough to move markets. Investors had been nervous about a wider regional war that could cut off oil supply routes and push inflation higher.
Bitcoin was trading around $67,762, up nearly 2% over the past 24 hours. The price had been weighed down by ongoing geopolitical tensions, so the diplomatic signal offered some relief.
The Nasdaq posted a gain of around 3.1% on the day. The S&P 500 rose 2.91%. All three major U.S. benchmarks recorded their best single-day performance in over a month.
Stock futures continued to hold gains into Wednesday morning. Futures on the S&P 500 rose 0.4%, Nasdaq 100 futures climbed 0.6%, and Dow futures gained 0.3%.
Crypto Stocks Join the Rally
Shares of crypto-linked companies moved higher alongside Bitcoin. Coinbase rose more than 6% on the day. Robinhood gained around 5%.
Despite the rally, some concerns remain. Gas prices have risen about 35% since the conflict with Iran began, and that pressure has not gone away.
Oil Falls as Tension Eases
Oil markets moved in the opposite direction from stocks. Brent crude fell more than 2.9% to around $104 per barrel. West Texas Intermediate dropped before recovering to trade just above $100 per barrel.
Oil had been trading near $105 before the reports surfaced. The prospect of de-escalation reduced fears of supply disruptions through the Strait of Hormuz.
The White House also signaled a shift in tone. President Trump said the war would not last “much longer” and suggested the U.S. could pursue an end to the conflict even if the Strait of Hormuz stays closed.
These back-to-back signals from both sides drove the bulk of Tuesday’s market movement.
Investors are now turning their attention to fresh economic data due Wednesday. Reports include retail sales figures, ADP private payrolls data for March, and the latest manufacturing activity reading from the Institute for Supply Management.
The data will give markets a clearer picture of where the U.S. economy stands as the new quarter begins.
Bitcoin was last trading around $68,770 as of Wednesday morning.
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