It’s been a historic and volatile 24 hours for global markets. Crypto traders are used to volatility, but this phenomenon is now out of the crypto market. Bitcoin bounced back to $70,000 and WTI crude fell from $120 to $85 (now trading at $87) after President Trump declared that war against Iran was “way ahead” of schedule.
Is this really true? It seems that Iran has a different idea.
ONLY IN:
US President Trump says that the war with Iran may end soon.
Oil prices fell sharply after Trump suggested the conflict could end soon, easing fears of supply cuts. pic.twitter.com/fQbUSKBD92– Donald J Trump Post TruthSocial (@TruthTrumpPost) March 9, 2026
A few hours ago, markets were reeling from the prospect of a four- to five-week-long conflict that threatened to choke off global energy supplies. But the story turned upside down at one point. After Trump’s comments this afternoon hinted that the war could end “very soon,” risk assets staged a massive rally of support.
Why are cryptos and stocks moving at once in geopolitical headlines? The answer isn’t just about peace: it’s about liquidity and the Federal Reserve.
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Trump Says Iran War May End Soon: Bitcoin Price Returns to $70,000
To understand why Bitcoin surged 3.3% on the news of a potential downturn, you need to look at what the market was afraid of yesterday. As geopolitical tensions rise in West Asia, the immediate fear is a supply shock in oil markets. We saw exactly this when Bitcoin dropped below $66,000 earlier as oil prices showed how sensitive the crypto is to energy costs.
The mechanism is simple:
- Escalation of war: The price of oil rose sharply (reaches 120 dollars). This raises inflation expectations. If inflation rises, the Federal Reserve cannot lower interest rates. High rates drain liquidity from speculative assets like Bitcoin and tech stocks.
- Decline: Oil returns to $85. The fear of inflation is decreasing. The market is immediately pricing in a higher probability of a Fed rate cut. Liquidity returns and risk assets fly.
The “inflation premium” immediately evaporated from the market when Trump suggested the time frame was days, not weeks. Bitcoin reacted in exactly the same way that high-beta tech stocks do: it surged. Oil cuts are effectively a tax cut for the global economy, freeing up capital that can be redeployed into riskier diversifications.
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Bitcoin price recovers $70,000 as technical stocks rise
The market reaction was swift and widespread. Bitcoin (BTC) is currently trading just below $72,000, up 3.3% over the past 24 hours. This recovery effectively wipes out the losses from the Sunday evening panic sell.
The relationship with traditional finance remains strong. The Nasdaq closed down 1.25% and the S&P 500 rose 0.8%, reflecting the crypto recovery. More importantly, crypto-proxy stocks, which are strongly linked to the digital asset market, even outperformed the major coins:
- Circle (CRCL): +10%
- MicroStrategy (MSTR): +5%
- Coinbase (COIN): +2%
Traders now see a psychological barrier of $70,000. If Bitcoin can break this level from resistance to support, the path to a new uptrend is open. However, we must respect the case of the bear. If Trump’s optimism proves that military action is premature and prolonged, fears of a market crash could return, sending investors back into defensive cash positions.
The Iranian government did not waste time. In a recent statement, they confirmed that only Iran will declare the war truly over.
BREAKING: The Islamic Revolutionary Guard Corps says Iran, not the US, will determine the end of the war
LIVE UPDATES: https://t.co/4WuEotoXVG pic.twitter.com/Qqaeg6cbpF
– Al Jazeera Breaking News (@AJENews) March 10, 2026
Bitcoin needs to close above $70,000 this week to confirm that the correction is over. The price of oil should drop below 85 dollars. If WTI oil returns to $100, inflation fears will resurface and the Fed could signal a sharp pause.
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Main roads
- Oil fell from $120 to $87 and bitcoin rose 3.3% after Trump suggested the Iran conflict was premature.
- The rally is driven by macroeconomics: falling oil prices reduce inflation fears and increase the likelihood of a Fed rate cut.
- Bitcoin price needs to bounce back from resistance to support at $70,000; A week above this level is needed to confirm the bull trend.
The post Crypto and Stocks Jump as Trump Signals Iran War May End Soon appeared first on 99Bitcoins.
