These catalysts could bump bitcoin as Trump hands three-week target to end Iran war
Optimism over a potential end to the Iran conflict and a new Morgan Stanley bitcoin ETF are boosting risk assets, including cryptocurrencies.Summary
Asian stock markets surged and S&P 500 futures rose after President Trump indicated the Iran conflict could end within two to three weeks, without requiring a deal with Tehran. This optimism lifted risk assets, including Bitcoin, which rose 0.2% to $67,950, and Ether, which increased by 1.6% to $2,100. The market also reacted positively to Morgan Stanley's approval of a low-fee bitcoin ETF, opening a $6.2 trillion advisory channel to the cryptocurrency. While the crypto market's reaction was more muted than equities, analysts suggest the ETF, continued funding of bitcoin purchases through Strategy's STRC product, and a swift resolution to the Iran war could drive Bitcoin higher in Q2. Gold, however, continued its recent weakness, experiencing its worst monthly performance since 2008 despite the ongoing conflict. The sustainability of the rally hinges on Trump's Wednesday address providing concrete evidence of de-escalation.
(Source：CoinDesk)