Key Highlights
- BTC rebounded from sub-$65,200 levels to stabilize around $67,500, despite altcoins posting 3–8% weekly declines
- President Trump informed advisers he’s considering ending U.S. military operations against Iran regardless of Strait of Hormuz status
- Equity futures surged 0.8% following the announcement; crude oil retreated from $107 to approximately $103
- The S&P 500 continues its most extended losing run since 2022; MSCI Asia Pacific faces worst monthly performance since 2008
- Cryptocurrency market capitalization remains stable at $2.32 trillion weekly, contrasting with Nasdaq 100’s 5% decline
Bitcoin was changing hands at $67,545 during Tuesday’s early trading session following a rebound from Monday’s dip beneath $65,200. Monday’s low marked BTC’s weakest price point since the U.S.-Israeli military actions against Iran commenced in late February.
Ethereum maintained its position above the $2,000 threshold at $2,062, registering a 0.4% daily gain. Solana decreased 0.9% to $83.07, XRP retreated 2.2% to $1.32, while dogecoin declined 2.1% to $0.09. Among the top 10 cryptocurrencies, Solana and XRP experienced the steepest weekly losses at 8% and 6.4% respectively.
The aggregate cryptocurrency market valuation stands at $2.32 trillion, showing minimal weekly movement. During this identical timeframe, the Nasdaq 100 shed approximately 5%.
BREAKING: President Trump is willing to end the Iran War even if the Strait of Hormuz remains closed, per WSJ.
Details include:
1. Trump and his aides assessed that a mission to reopen Hormuz would push the conflict beyond his timeline 4-6 weeks
2. Trump believes the US should…
— The Kobeissi Letter (@KobeissiLetter) March 31, 2026
According to a Wall Street Journal report published Monday, President Trump informed his inner circle that he’s prepared to conclude military operations against Iran even if the strategically vital Strait of Hormuz remains mostly blocked. Sources indicated that forcing the strait open would extend the conflict beyond his preferred four-to-six week timeframe.
Equity futures experienced substantial upward momentum following the disclosure. S&P 500 futures advanced 0.8%, Nasdaq 100 futures gained 0.7%, while Dow Jones futures surged 0.9%.
Crude oil surrendered earlier gains after the publication. West Texas Intermediate had previously spiked to $107 before moderating to approximately $103. Iranian forces targeted a Kuwaiti crude oil vessel in Dubai during the trading session.
Equities Face Mounting Pressure
The S&P 500 is currently experiencing its most prolonged daily decline since 2022. MSCI Asia Pacific is positioned for its weakest monthly showing since the 2008 financial meltdown. The CBOE Volatility Index has maintained readings above 30, a threshold indicating elevated market stress.
Treasury securities continued their advance while the dollar softened against the majority of G10 currencies throughout the session.
Federal Reserve Chairman Jerome Powell stated that private credit markets pose minimal contagion risk and indicated no pressing requirement for additional interest rate increases. He noted that inflationary forces currently appear manageable.
Market participants are monitoring Tuesday’s March consumer confidence data and February’s Job Openings and Labor Turnover Survey for additional economic indicators.
Bitcoin Demonstrates Relative Strength Against Traditional Markets
JPMorgan analysts observed that Bitcoin is navigating the Iran conflict with greater resilience than precious metals including gold and silver. Gold has experienced an atypical losing pattern during an active military engagement period.
Alex Kuptsikevich, chief market analyst at FxPro, commented: “Crypto has pulled back, but appears stronger than stocks.”
He elaborated that cryptocurrency markets are finding substantial buying interest when testing February lows and demonstrating lateral consolidation, whereas equity markets are establishing a distinct downward trajectory.
Bitcoin has remained confined within a trading range of approximately $65,000 to $73,000 throughout the entire conflict period. Monday’s brief excursion below $65,200 followed by the swift recovery above $67,000 demonstrated genuine purchasing interest at lower price levels.
WTI crude oil finished trading above $100 for the first time since 2022 as the military confrontation entered its fifth week.
