Bitcoin Steady Above $67,700 as Trump Signals End to US-Iran War

Bitcoin maintained its position above $67,700 on Tuesday as oil prices declined following reports that President Donald Trump privately expressed willingness to end the US-Iran war, even if the Strait of Hormuz remains closed. The development triggered notable movements across financial markets, with Bitcoin briefly surging past $68,000 before stabilizing.

According to The Wall Street Journal, Trump communicated to his advisors a desire for a ceasefire within a four-to-six-week window. His administration acknowledged that demanding a full reopening of the Strait of Hormuz would extend the conflict beyond that timeline, allowing Iran to retain strategic control over the critical waterway. White House Press Secretary Karoline Leavitt confirmed the strait's reopening is not the administration's primary objective, emphasizing instead the destruction of Iran's naval and missile capabilities and preventing the country from acquiring nuclear weapons.

Trump's preferred strategy involves applying diplomatic pressure to restore free trade flows through the strait, with Gulf and European allies potentially taking the lead if negotiations stall. Meanwhile, regional tensions remain elevated after Iran struck a Kuwaiti oil tanker near Dubai, prompting Saudi Arabia, the UAE, Kuwait, and Bahrain to privately urge the US to press forward militarily and push for a fundamental shift in Iranian leadership or behavior.

Iran's demands, including full sanction removal, war damage compensation, and expanded control over the Strait of Hormuz, have complicated peace efforts. Bitcoin's 24-hour trading range sat between $66,205 and $68,323, with trading volume surging 40% despite warnings from analysts of a potential drop below $50,000.

Crypto traders are closely monitoring upcoming macroeconomic data, particularly March's Non-Farm Payrolls report, as geopolitical uncertainty continues to drive volatility across Bitcoin, oil, and gold markets.