Bitcoin at ₱4,151,499 ($68,897) as Trump Announces Iran War End
As President Trump announced an end to the US-Iran conflict, Bitcoin surged 3% to ₱4,151,499 ($68,897) and Ethereum climbed close to 4% to ₱128,648 ($2,135). Analysts debate whether geopolitical relief will sustain crypto gains or trigger rotation back into traditional risk assets.
Key Takeaway
Easing Iran tensions could push Bitcoin higher through lower oil prices and easier Fed policy.
President Trump said the US-Iran war will end soon during an evening address Wednesday. Bitcoin traded at ₱4,151,499 ($68,897), up 3% over 24 hours, while Ethereum climbed close to 4% to ₱128,648 ($2,135).
The conflict started February 28 when the US and Israel attacked Iran. SCRYPT CEO Norman Wooding said institutional investors building long-term crypto exposure don't trade on a three-week conflict timeline. He added that a change in geopolitical temperature doesn't change the investment thesis.
CoinShares head of research James Butterfill said geopolitics has been an important driver in recent months, which helps explain Bitcoin's outperformance relative to equities even though it still exhibits clear risk-on characteristics. If the conflict were to de-escalate, the immediate effect would likely come through lower oil prices and reduced inflation pressure, increasing the probability of easier monetary policy, which tends to support Bitcoin.
Wooding said if tensions ease, short-term safe-haven flows will rotate back into traditional risk assets. Bitcoin outperformed gold, the S&P 500, and Ethereum during the 24-day conflict window from February 28. Bitcoin's median return 100 days after past US-Iran escalations sits at 26%.
This article was written based on reporting from Dlnews.
