Bitcoin, Stocks Gain While Oil Retreats on Hopes of Iran De-Escalation
Bitcoin and U.S. equities moved higher as oil prices declined following reports that Iran may be willing to end the conflict under certain conditions.
The cryptocurrency traded near $67,762, up nearly 2% over the past 24 hours. U.S. stocks rallied more strongly, with the Nasdaq advancing about 3.1%. Meanwhile, WTI crude fell from close to $105 per barrel to around $102.
The market reaction came after unconfirmed remarks from Iranian President Masoud Pezeshkian, who reportedly said Iran would consider ending hostilities if it receives security guarantees.
The comments have raised expectations of a potential diplomatic resolution, easing concerns over a broader escalation that could disrupt oil supplies, drive inflation higher, and pressure global risk assets.
