Trump considers ending the Iran war to boost the market, and Bitcoin rises alongside other risky assets.

During the Asian trading session on Tuesday, cryptocurrencies, stocks, and bonds were all rising at the same time as the market digested a piece of news: U.S. President Donald Trump is considering ending the war with Iran. Bitcoin briefly rose by 2.6%, reaching $68,335, before giving back some of the gains and trading around $67,500 at the time of writing. The second-largest cryptocurrency, Ethereum, rose by 3.3% at one point, while Solana and XRP rose by 2.2% and 1.5% respectively. The market rebounded against the backdrop of news that Trump told aides that the U.S. could end military actions against Iran without re-closing the Strait of Hormuz, which could mean that the conflict may end earlier than expected. S&P 500 index futures reversed their downward trend, rising by about 1%. "The market expects Trump to want to exit the conflict," said Pratik Kara, portfolio manager at the digital asset hedge fund Apollo Crypto. "Bitcoin has shown remarkable resilience around $68,000." In March, while stocks and gold fell on inflation worries for most of the month, Bitcoin remained strong, with concerns stemming from the potential energy crisis if the Strait of Hormuz remained closed. Gold has fallen by over 13% so far this month, while Bitcoin has risen by about 3%. This has made the cryptocurrency market relatively stable in recent weeks, in contrast to the previous months. A round of selling in October resulted in Bitcoin falling by about 45% from its all-time high of over $126,000 that month. Investors are still seeking downside protection. Data from the cryptocurrency options platform Deribit shows that the concentration of put options with a strike price of $60,000 exceeds $1.5 billion. However, Kara said that buying behavior of put options may weaken in the coming weeks. "Bitcoin has shown extraordinary resilience, and all fund managers are watching this," he said.