- Crypto stocks and Bitcoin surged Tuesday following reports that Iranian President Masoud Pezeshkian signaled a readiness to end conflict.
- Coinbase shares gained nearly 9%, Bitdeer jumped over 12%, and NVIDIA rose 5%, while major stock indices also posted significant gains.
- Bitcoin briefly surpassed $68,000 and Ethereum rose about 3.5% amidst the geopolitical developments.
Cryptocurrency and related equities experienced a significant rally on Tuesday, March 31, 2026, following statements from Iranian President Masoud Pezeshkian about ending hostilities. The news, which first appeared in The Kobeissi Letter and was later echoed by the Iranian government’s X account Iran_GOV, triggered immediate market reactions. Consequently, Coinbase shares surged nearly 9%, Bitdeer jumped more than 12%, and chipmaker Nvidia gained 5%.
Meanwhile, Bitcoin saw a short-lived surge above $68,000 before settling at $67,821, a 1.9% increase from the previous day according to data from CoinGecko. Ethereum rose approximately 3.5% to nearly $2,100. Major stock indices also climbed, with the Nasdaq up 3.63%, the S&P 500 gaining 2.7%, and the Dow rising 2.32%. The Iranian president’s remarks were made during a phone call with European Council President António Costa, who confirmed the conversation.
President Pezeshkian stated, “Iran has never sought tension or war. We have the will to end this war—provided that necessary guarantees are in place to prevent any repetition of aggression,” as reported by the government account. Bitcoin had been trading around $64,000 when the conflict began on February 28, showing modest gains while traditional assets like the S&P 500 and Gold declined. Analysts noted that rapid de-escalation could potentially fuel a strong risk-on rally. However, a sustained bull run would require additional factors like institutional flows and regulatory clarity.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
