Trump Just Announced a 2-Week Iran Ceasefire – Crypto and Bitcoin Prices Exploded

Donald Trump posted the news on Truth Social. A two-week ceasefire between the United States and Iran. The Strait of Hormuz reopens completely and immediately.

Trump wrote that Pakistan's Prime Minister and Field Marshal asked him to hold off the planned attack on Iran. He agreed, provided Iran opens the strait. Iran submitted a ten-point proposal. Trump called it a workable basis for negotiation.

He also said almost all past points of contention have been agreed to. The two weeks will finalize the deal.

The market did not wait.

What happened to crypto prices

Within an hour of the announcement, Bitcoin ripped above $71,000. Ethereum reclaimed $2,200. The total crypto market cap added over $120 billion.

Oil futures dropped sharply. WTI crude fell below $100 for the first time since the Iran war escalated. The US dollar index weakened. Risk assets across the board rallied.

The trade is textbook. A de-escalation in the Middle East means lower oil, a weaker dollar, and money flowing into stocks and crypto. Bitcoin acted as the fastest horse in the race.

Source: X/@WatcherGuru

Why crypto market moved so hard

Three reasons.

First, the short squeeze. Leveraged short positions on Bitcoin and Ethereum got caught flat-footed. Most traders expected a continued conflict or at least a messy negotiation. The clean two-week ceasefire with full Hormuz reopening was better than anyone predicted. Shorts got liquidated. That forced buying.

Second, the dollar reaction. The dollar dropped on the news. Bitcoin is an anti-dollar bet for many investors. When the dollar falls, Bitcoin rises. The correlation is not perfect, but on geopolitical shocks like this, it holds.

Third, institutional positioning. Spot Bitcoin ETFs saw a wave of inflows within the first hour. The ceasefire removes a major macro uncertainty. Institutions that were sitting on the sidelines stepped in.

Read also: Peter Schiff Fires at Bitcoin Again: "Upside Limited, Downside Big", Says Gold Is Opposite

Where crypto prices go from here

The two-week window is the key. If the final agreement gets signed, oil could collapse to $85-90. The dollar could weaken further. Bitcoin would likely test $75,000.

If talks fall apart within the two weeks, the market reverses just as fast. Oil spikes back above $115. Bitcoin retests $66,000 support.

The Polymarket odds for a final deal before April 30 jumped to 95% after Trump's post. That is up from 27% yesterday. Bettors see real progress.

Overall, .the next two weeks decide whether this is the start of a sustained rally or a temporary pump. Watch the news. The market will move on every news.