Iranian peace sets up Bitcoin for a bullrun

Investors initially went risk-off on Tuesday as President Donald Trump’s ultimatum to Iran ticked away. When it emerged overnight that a two-week peace proposal is ready to be signed, Bitcoin suddenly shot up rapidly. All in all, the largest digital currency has performed quite well since the start of the war between the United States and Iran.

It had long been clear to analysts that a ceasefire between Iran and the United States and a drop in oil prices below $100 per barrel could easily start a new bull market for the largest digital currency.

Bitcoin surged past $72,760 before settling around $71,380 after Donald Trump announced a pause on planned Iran strikes, signaling possible de-escalation.

The move, tied to negotiations and reopening the Strait of Hormuz, eased market fears—pushing $BTC up ~3% as risk sentiment… pic.twitter.com/ltTIcoM10j

— Wise Crypto (@WiseCrypto_) April 8, 2026

Crypto winter

The war between Iran and the United States was a massive blow to the stock markets as well as a turning point for Bitcoin, according to many analysts.

As most major stock exchanges were in correction mode, the situation was eating away at the popularity of President Donald Trump, who had been looking for an ‘offramp’ to end the conflict for two weeks already.

Bitcoin, on the other hand, had been fluctuating between $60,000 and $75,000 since the start of the conflict in late February, peaking at nearly $76,000 before the price plummeted again.

Over the past two weeks, the digital currency traded just below $70,000. Traders now believe that an end to the war could quickly push the price of crypto to $80,000.

After six months of continuous declines, ‘crypto winter’ appears to have come to an end.