Trump Promises a Ceasefire in “2 to 3 Weeks”! Bitcoin Surges Past $69,000, With the “Top 3 Positive Catalysts” Taking the Stage

The Middle East situation has reached a critical turning point. On Tuesday, U.S. President Trump said the war between the U.S. and Iran will end within 2 to 3 weeks. The moment the news broke, not only did it spur Asian stocks to post their sharpest gains in months, but U.S. stocks and the cryptocurrency market also surged on the news. At the same time, reports said the United Arab Emirates (UAE) is preparing to help reopen the Strait of Hormuz with force, driving international oil prices to rapidly narrow their losses.

With optimism that the Iran conflict may be coming to an end spreading quickly worldwide, global risk assets staged a celebratory rally. Today (1), Bitcoin’s intraday high reached $69,135, up 2.4% over the past 24 hours. Ether, meanwhile, outperformed, rising 4.6% to $2,151 and recording the steepest single-day gain in the past several weeks.

Other major rival coins also generally moved higher: Ripple (XRP) rose 3% to $1.36; Dogecoin (DOGE) rose 2.8% to $0.094; Binance Coin (BNB) climbed 1.3% to $619; and Solana (SOL) rose 1.4% to $84.47.

Traditional stock markets were even more explosive. The MSCI Asia Pacific Index rocketed up 4%, marking its best single-day performance since the start of the war; Asian technology stocks surged 6.5%, led by Samsung and SK Hynix, both jumping more than 9%; U.S. stocks— the Dow, the S&P 500, and the Nasdaq—rose in tandem, posting the largest single-day gain since May last year.

The key catalyst driving the market rebound came from Trump’s latest comments on the unfolding situation. During an interview on Tuesday, he said the U.S. would end its military actions against Iran within 2 to 3 weeks, and previewed that he would deliver a “major progress” speech on the Middle East situation on Wednesday evening U.S. Eastern Time.

At the same time, Iran’s stance has also softened. Iranian President Masoud Pezeshkian told the head of the European Council that Tehran has the “necessary will to end this conflict,” but only on the condition that it receives guarantees against future aggression.

In addition, according to the Wall Street Journal, the UAE is preparing to help the United States and its allies reopen the Strait of Hormuz with force. If the reports prove true, the UAE would become the first Gulf country to get pulled into the conflict as a participant. On the back of the news, Brent crude quickly returned to the $105 level after falling on Tuesday.

Compared with the enthusiasm in equity markets, the cryptocurrency market’s reaction has looked much more restrained—and this pattern has persisted for weeks. Since the outbreak of the war, Bitcoin has consistently traded in a range between $65,000 and $73,000, while stock markets have swung sharply with every headline.

Besides cooling geopolitical risk, there are other positive factors worth watching. Morgan Stanley has recently been approved to issue a Bitcoin ETF, with a management fee of only 0.14%, far below the industry average. The product will be offered to Morgan Stanley’s 16,000 financial advisors, with assets under management totaling $6.2 trillion, and is expected to bring a large inflow of capital to the crypto market.

In response, Alex Blume, CEO of the crypto hedging fund Two Prime, pointed out that in the second quarter of this year there are expected to be three major bullish catalysts for Bitcoin: strong buying pressure driven by the Morgan Stanley ETF, ongoing funding support from Strategy preferred stock STRC for purchases of Bitcoin, and the rapid end of the Iran war. He said:

Many of the uncertainties in the market could be resolved soon. Once new buying enters, the second quarter could see a fairly strong run.