Trump cancels the “doomsday,” Bitcoin surges toward $72k, and global markets rebound across the board

BTC-0,17%

Gate News update: After the U.S. and Iran reached a two-week ceasefire agreement, global financial markets quickly rebounded. President Trump announced the suspension of plans to strike Iran’s infrastructure, easing the geopolitical tensions that had come before. Driven by this, Bitcoin surged sharply, up about 5%, at one point nearing the $72,000 level; market risk appetite clearly improved.

Global equities moved higher in sync. In Asia, Japan’s Nikkei index rose by about 4%, South Korea’s KOSPI jumped more than 5%, and China Hong Kong and Australian stock markets also generally gained. U.S. stock index futures were similarly strong: the Dow Jones Industrial Average climbed nearly 1,000 points, and the Nasdaq 100 rose more than 2%. Funds gradually rotated out of safe-haven assets back into risk markets, lifting both crypto assets and stocks in tandem.

Market participants noted that, as a 24-hour trading asset, Bitcoin can reflect geopolitical developments in the first instance. This round of trading again shows that Bitcoin has been gradually shifting from an “independent asset” to a risk asset closely linked to the macro environment. Prices come under pressure when tensions escalate, but when sentiment cools off, capital rapidly returns and pushes prices higher.

There were also changes at the macro level. As the potential restoration of navigation through the Strait of Hormuz improves, oil prices fell to below $100 per barrel, and inflation expectations cooled. U.S. Treasury yields declined, with the 10-year yield dropping to about 4.24%, strengthening market expectations for the Federal Reserve to cut rates this year. Economist Ed Yardeni said that Trump’s cancellation of the so-called “doomsday” threat before the deadline was a key turning point for market sentiment.

In the short term, Bitcoin’s price action will likely continue to be jointly driven by geopolitical progress and macro liquidity. If the ceasefire agreement is carried out smoothly and rate-cut expectations strengthen, the crypto market may maintain its rebound pace; otherwise, if tensions flare up again, volatility could quickly return.

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