Trump Warns of a Ceasefire in “2 to 3 Weeks”! Bitcoin Soars Past $69,000, With the “Top 3 Bullish Catalysts” in Play

The Middle East situation has reached a key turning point. On Tuesday, U.S. President Donald Trump said that the U.S.-Iran war will end within 2 to 3 weeks. The moment the news broke, not only did it spur Asian equities to log their most aggressive rally in months, but U.S. stocks and the cryptocurrency market also jumped sharply. At the same time, rumors circulated that the United Arab Emirates (UAE) is preparing to use force to help reopen the Strait of Hormuz, quickly narrowing the drop in international oil prices.

With optimistic sentiment that the Iran conflict may be coming to an end spreading rapidly worldwide, global risk assets have put on a celebratory rally. Today (1), Bitcoin hit a high of $69,135, up 2.4% over the past 24 hours. Ether, meanwhile, stood out, rising 4.6% to $2,151, marking the sharpest single-day gain in recent weeks.

Other major competing coins also generally moved higher: Ripple (XRP) rose 3% to $1.36; Dogecoin (DOGE) rose 2.8% to $0.094, while Binance Coin (BNB) climbed 1.3% to $619. Solana (SOL) rose 1.4% to $84.47.

Traditional stock markets saw thunderous buying as well. The MSCI Asia Pacific Index surged 4%, recording the best single-day performance since the war began; Asian tech stocks surged 6.5%, with Samsung and SK Hynix both ripping up by more than 9% to lead the charge. U.S. stocks—the Dow, the S&P 500, and the Nasdaq—moved higher in sync, posting the largest single-day gain since last May.

A key catalyst driving the market rebound comes from Trump’s latest comments on the situation. In an interview on Tuesday, he said the U.S. would end its military actions against Iran within 2 to 3 weeks, and he previewed that it would deliver a speech on “major progress” regarding the Middle East situation on Wednesday evening U.S. Eastern Time.

At the same time, Iran’s stance has also softened. Iranian President Masoud Pezeshkian told the chair of the European Council that Tehran has the “necessary will to end this conflict,” but only on the condition that it receives guarantees of protection against future aggression.

In addition, according to the Wall Street Journal, the UAE is preparing to use force to help the U.S. and its allies reopen the Strait of Hormuz. If the report is true, the UAE would become the first Gulf country to be pulled into the conflict as a participant. Spurred by the news, Brent crude quickly returned to the $105 level after its drop on Tuesday.

Compared with the exuberant performance in equities, the cryptocurrency market’s reaction has been much calmer, and this pattern has persisted for weeks. Since the outbreak of the war, Bitcoin has continued to trade in a range of $65,000 to $73,000, while stock markets have swung violently with every headline.

Beyond cooling geopolitical risk, there are still other positive catalysts worth watching. Morgan Stanley has recently been approved to issue a Bitcoin ETF, with an expense ratio of just 0.14%, far below the industry average. The product will be offered to Morgan Stanley’s 16,000 financial advisors, managing assets totaling $6.2 trillion, and is expected to bring a large influx of capital into the coin market.

In response, Alex Blume, CEO of crypto hedge fund Two Prime, pointed out that in the second quarter this year, Bitcoin is expected to receive three major positive catalysts: strong buying pressure from the Morgan Stanley ETF, Strategy preferred shares STRC continuing to provide funding for purchasing Bitcoin, and the rapid end of the Iran war. He said:

Many uncertainties in the market right now may be resolved soon. Once new buying comes in, the second quarter is expected to see a fairly strong rally.