Bitcoin, Ethereum, XRP, Cardano Prices Surge as Donald Trump Eyes US-Iran War Ceasefire

TLDR

• Bitcoin rose above $72,000 after Trump announced a two-week ceasefire with Iran.
• Ethereum traded near $2,243, up about 6.5% in 24 hours.
• XRP climbed to $1.37, while Cardano rose to about $0.261.
• Trump said bombing would pause if Iran opens the Strait of Hormuz safely.
• US oil prices fell to about $97.50 per barrel after the ceasefire update.

Bitcoin price has climbed above $72,000 and reached a three-week high after the latest update on US-Iran tensions. The move came after Trump said the United States and Iran were “very far along” on a peace agreement. He also said bombing would be suspended for two weeks while talks continue.

The market reacted quickly to the shift in tone. Bitcoin had faced pressure earlier as traders watched the risk of wider conflict. Once the proposed pause was announced, investors moved back into risk assets, and crypto prices turned higher across large-cap tokens.

🚨 President Donald J. Trump makes a statement on Iran: pic.twitter.com/9mqTayL0Q3

— The White House (@WhiteHouse) April 7, 2026

Ethereum also posted strong gains during the move. ETH traded near $2,243, up about 6.5% over the last 24 hours. The token moved in line with the broader crypto market as traders responded to easing geopolitical pressure and improving sentiment.

XRP and Cardano also advanced in the same period. XRP traded at about $1.37, up around 4.33% on the day. Cardano rose to about $0.261, posting a gain of roughly 6.5%. The gains showed that the rally was not limited to Bitcoin alone.

Donald Trump Announces Two-Week Pause Tied to Hormuz Opening

Trump said the decision followed conversations with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir. In a statement, he said he agreed to suspend bombing and attack plans against Iran for a period of two weeks. He said the move was subject to Iran agreeing to the “complete, immediate, and safe opening of the Strait of Hormuz.”

He described the arrangement as a “double sided ceasefire.” Trump also said the United States had already met and exceeded its military goals. He added that both sides were far along on a “definitive agreement” tied to long-term peace with Iran and the wider Middle East.

In a separate statement, Trump said the United States would be “helping with the traffic buildup” in the Strait of Hormuz. He also said Iran could

“start reconstruction,” while the US would be “loading up with supplies and just ‘hanging around’ in order to make sure everything goes well.”

Trump added, “This could be the Golden Age of the Middle East.” The statement marked a sharp change from earlier comments warning of destruction if a deal was not reached. Markets appeared to respond more to the ceasefire language than to the earlier threat.

Oil Prices Fall Sharply as Traders Price in Lower War Risk

The change in tone also hit the oil market. US oil prices fell to about $97.50 per barrel, down 20% in eight hours, according to the provided update. The drop came after several days of elevated prices tied to fears about supply disruption and the Strait of Hormuz.

The Strait remains one of the most important energy shipping routes in the world. Any threat to shipping there can affect oil prices and wider market risk. When Trump said Iran would fully open the waterway to commercial traffic, traders reduced some of the risk premium built into energy prices.

Lower oil prices can also support risk assets by easing inflation concerns. That may have added to the positive move in crypto markets. Bitcoin and other digital assets often react to broad macro shifts, especially when geopolitics and energy prices move sharply.

US stock futures also reportedly rose after the ceasefire announcement. That wider rebound across markets suggested investors were pricing in a lower chance of immediate military escalation. Crypto moved with that broader risk-on reaction.

Bitcoin Leads Crypto Rebound as Traders Watch Next Two Weeks

Bitcoin remained the main focus during the rally because it pushed above the $72,000 mark. That move placed it at its highest level in about three weeks. The rebound followed days of market stress driven by conflict headlines, oil spikes, and uncertainty around Trump’s deadline.

Ethereum, XRP, and Cardano followed as sentiment improved. Their gains reflected renewed buying interest across major crypto assets. The market response showed that traders were reacting to both the ceasefire signal and the easing pressure in oil.

Still, the latest move depends on whether the two-week ceasefire holds and whether talks produce a final agreement. Trump said the United States received a 10-point proposal from Iran and believes it can serve as a workable basis for negotiation. Markets will now watch whether that process continues without new escalation.