SpaceX · Donald Trump · Bitcoin · Iran · CoinDesk
Bitcoin climbs back into the green as Trump signals an end to the Iran war
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The risk-off mood that hammered crypto all week is reversing.
Key facts
- Ether rose 1.3% to $1,673, BNB gained 1.5% to $602 and solana added 3.0% to $67
- Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk data
- The company lists on Nasdaq on Friday after raising $75 billion, the largest IPO ever
- MSCI's Asia Pacific index gained 3.5%, its biggest rise in two months
Summary
Bitcoin rebounded above $63,000 after a week of risk-off selling, helped by a sudden de-escalation in the conflict with Iran. Global markets rallied on the perceived end of the Iran war, with oil prices falling, gold and silver jumping, and Asian stock indexes posting their biggest gains in months. Major cryptocurrencies broadly climbed alongside bitcoin, but the durability of the bounce hinges on a formal Iran deal that President Trump says could be signed in Europe this weekend. Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk data. A key catalyst came as President Donald Trump said the US was close to a deal with Iran and that he had "ended the war with Iran today.