Bitcoin surged after President Donald Trump announced a five-day postponement of planned military strikes on Iranian power plants and energy infrastructure.
The move triggered a wave of relief across global risk markets, which had been under pressure from weeks of escalating conflict in the Middle East.
The pause follows Operation Epic Fury-a US-Israeli campaign launched February 28, 2026-that resulted in the killing of Iranian Supreme Leader Ali Khamenei. Retaliatory strikes then destabilized regional markets.
Bitcoin had traded between $66,000 and $76,000 since the operation began, dipping to $63,255 at its lowest point. Energy markets bore the brunt of the disruption: Brent crude rose 60% from $70 to over $113 per barrel, prompting the Federal Reserve to raise its 2026 inflation forecast to 2.7% and signal a 'higher-for-longer' interest rate stance.