Bitcoin jumped back above $70 000 for the first time in four days as concerns over the war with Iran eased following comments from US President Donald Trump.<\/p>\n
The original cryptocurrency rose as much as 2.32% to $70,581 in early Asia trading on Tuesday, rallying alongside equities while oil prices fell. The market reversal from Monday came after Trump said the conflict would resolve \u201cvery soon.\u201d<\/p>\n
Other cryptocurrencies also rose, though to a lesser extent. Ether, the second-largest digital asset, was up as much as 1.3% while XRP and Solana gained as much as 1.4% and 1.2% respectively.<\/p>\n
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\u201cTrump\u2019s latest posts are being seen as potentially flagging an end to the Iranian conflict faster than the market was anticipating,\u201d said Richard Galvin, co-founder of hedge fund DACM. \u201cRisks are that the market is misreading Trump\u2019s statements, or that either Israel, the USA or Iran takes action to further escalate hostilities and takes the option of de-escalation off the table.\u201d<\/p>\n
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Equities jumped when markets opened in Asia. Japan\u2019s Nikkei 225 index was up more than 3%. The MSCI Asia Pacific Index rose 2.7% \u2014 after tumbling 3.7% on Monday \u2014 with roughly three stocks advancing for every one that declined.<\/p>\n
Meanwhile, Brent crude fell 7.7% to $91.37 a barrel, well off its $119.50 peak on Monday.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n