U.S. Stocks and Bitcoin Rise on Iran-Trump Cease-Fire Reports

Bitcoin and U.S. Stock futures surged on April 7, 2026, after President Donald Trump announced a two-week ceasefire with Iran. The announcement, made via Truth Social just before an 8 p.m. ET deadline on April 7, 2026, led to a sharp increase in risk assets and a significant collapse in global oil prices.

Bitcoin rose 5% within a 24-hour period, reaching a high of $72,699, according to CoinDesk data. The broader cryptocurrency market followed this trend, with the CoinDesk 20 Index increasing 5% to 2,034 points. The price surge triggered nearly $600 million in leveraged crypto futures liquidations, primarily affecting short sellers.

Market Reactions and Asset Shifts

The ceasefire announcement triggered a rally across several major financial indices. Futures for the S&P 500 climbed 1.9%, while Nasdaq futures rose 2.2% and Dow Jones futures increased approximately 1.8%.

In contrast to the rise in equities and digital assets, oil prices tumbled more than 10%. West Texas Intermediate (WTI) crude fell to approximately $95 a barrel, with Brent oil experiencing a similar decline as the ceasefire reduced concerns regarding energy supply disruptions in the Middle East.

Ceasefire Terms and Conditions

The two-week suspension of a planned widespread bombing campaign against Iran was confirmed by President Trump. In a post on Truth Social on April 7, 2026, he stated:

I agree to suspend the bombing and attack of Iran for a period of two weeks

President Donald Trump

Reports indicate that the ceasefire is subject to Iran reopening the Strait of Hormuz. Earlier reports noted that Iran and the U.S. President were reviewing a Pakistani proposal to facilitate the two-week agreement.

Timeline of Escalation

The ceasefire followed a period of high market volatility and escalating threats. On April 6, 2026, President Trump warned that Iran would be living in Hell if the Strait of Hormuz was not reopened. He had initially provided a 10-day window for the reopening of the waterway before shortening the deadline to Tuesday, April 7, 2026, threatening attacks on Iranian bridges and power plants.

During the period of uncertainty on April 6, 2026, crypto markets had already seen a 2.5% increase to a total market capitalization of $2.44 trillion, with Bitcoin touching $69,500 on Coinbase. This earlier movement was attributed to mixed signals from the administration, including an interview with Fox News where Trump stated that Iran was negotiating now and expressed optimism regarding a potential deal.

The conflict had lasted more than a month prior to the ceasefire, contributing to the surge in global oil prices and raising concerns about a potential global economic recession.