Bitcoin holds $67,500 as Trump signals he may end Iran war with Hormuz still shut

Bitcoin recovered from a dip below $65,200 to trade around $67,500, showing relative stability compared to traditional risk assets which experienced broad losses in March. This stabilization occurred as The Wall Street Journal reported that President Trump told aides he is prepared to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, a move that initially boosted equity futures and lowered oil prices. Traditional markets faced a brutal stretch, with the S&P 500 on its longest losing streak since 2022 and MSCI Asia Pacific tracking its worst month since 2008. Analysts note that crypto's sideways grind appears stronger than the downtrend in equities, with Bitcoin holding a range between $65,000 and $73,000 throughout the conflict. JPMorgan observed that Bitcoin is weathering the crisis better than gold, which is falling during the active war. The key question for April is whether Trump's signal translates into an actual de-escalation, which could remove headline risk but might keep inflation sticky if Hormuz remains closed.

(Source：CoinDesk)