Bitcoin returned above $72,000 after U.S. President Donald Trump announced he would suspend military action against Iran for two weeks, a move that quickly eased pressure on markets.
The move came after days of growing tension and came just hours after Trump warned Tehran to reopen the Strait of Hormuz or face strikes on key infrastructure.
Trump deadline eases pressure
Trump made the announcement Tuesday in an article for Truth Social. “I agree to suspend bombings and attacks against Iran for a period of two weeks,” he said.
Iran’s Supreme National Security Council then accepted the ceasefire, while emphasizing that this pause did not mean the end of the war. Bitcoin jumped 2.55% in the hour following the news and reached $72,150 at press time.
The rebound pushed Bitcoin above a level it had not seen since March 18. It also came after a rough patch for the crypto market, where sentiment had weakened and traders were bracing for more strife. The last few sessions had been marked by caution rather than confidence.
This reaction matches a pattern observed previously. When geopolitical tensions rise, risky assets often suffer. When the pressure eases, the money can come back just as quickly. Bitcoin has been caught in this dynamic in past surges, and this one was no different.
NEW: The United States and Iran agreed to a two-week ceasefire brokered by Pakistan on April 7 and will begin negotiations in Islamabad, Pakistan, on April 11. Iran’s Supreme National Security Council announced that the regime had accepted the ceasefire on April 7, several… pic.twitter.com/HXJssnavbX
– Institute for the Study of War (@TheStudyofWar) April 8, 2026
Fear still persists in crypto trading
Even after the crisis, the market situation was far from calm. Market watchers pointed to the Crypto Fear & Greed Index, which on Tuesday stood at an “extreme fear” level of 11. This suggests many traders remain cautious despite the price rebound.
Trump had already added to the tension a day earlier, declaring on Monday that “an entire civilization would die tonight” if the situation persisted. By Tuesday, the tone had changed, but only for the moment. The ceasefire was linked to a short period and not to a lasting settlement.
A quick but fragile movement
The speed of Bitcoin’s rise showed how quickly traders were willing to buy when the threat of further fighting subsided. The price rose above $72,000 for the first time in 20 days, but the environment remains volatile, with both sides signaling that the conflict is not fully resolved.
For now, the market views the pause as a relief and not a closure. Bitcoin’s jump has been brutal, but it is based on a ceasefire that could still change if talks fail or fighting resumes.
Featured image from Reuters-Yonhap, chart from TradingView
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