Bitcoin surged past $68,000 as investors reacted to reports that the U.S. and Iran may be exploring ways to end their conflict. President Donald Trump reportedly told aides he could consider ending the war, while unconfirmed reports suggest Iranian President Masoud Pezeshkian is also seeking a resolution.
The Dow Jones advanced over 1,125 points, with the S&P 500 and Nasdaq rising 2.91% and 3.83%, respectively. Despite the market surge, crypto analysts warned Bitcoin’s gains remain fragile, citing weak spot demand and a lack of sustained investor positioning.
BTC/USDT 4-hour chart. Source: Velo
Traders remain cautious, with spot demand flat since February’s sell-off and stablecoin inflows near a two-year low. Most price movements appear driven by headlines and futures markets rather than solid investor conviction.
Bitcoin’s next key resistance lies at $68,879, where a close above the 50-day moving average could signal a potential rally toward $82,000.