The US-Iran War has finally come to a temporary pause. This pause has arrived in the form of a two-week ceasefire, which has turned the markets livelier than ever. Cryptocurrency markets, alongside stocks and metals, are up, displaying positive momentum, as war escalations finally come to a brief pause.
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Global Markets Turn Green On Ceasefire Update
After several ultimatums and warnings from the US, Iran has finally agreed to the ceasefire. This two-week ceasefire will allow ships to finally pass through the Strait of Hormuz. Per the latest update shared by the KL portal, this ceasefire plan includes Iran and Oman charging fees on ships passing the strait, with this money being used for the reconstruction of Iran.
“The two-week ceasefire plan between Iran and the US allows Iran and Oman to charge fees on ships transiting through the Strait of Hormuz, per CNN. A regional official said this money would be used for the reconstruction of Iran. Iran has been recently charging $2 million for a one-way voyage through the Strait of Hormuz.”
This development has also turned the markets green across the world. The news has impacted the cryptocurrency sector, with Bitcoin surging past $70K, as well as gold and stocks rallying ahead. At present, gold is trading at $4800, with the S&P 500 trading at 6616.
“The market’s reaction is very telling. Amid the news of a two-week ceasefire, the S&P 500 is now nearing 6,800, trading just ~3.5% away from a new record high. Gold prices are soaring toward $4,900/oz, Bitcoin is above $72,000, and silver is nearing $77/oz.”
In addition to this, Japan’s stock market has also responded to this ceasefire by surging nearly +5%.
Will Bitcoin Be Able To Jump Higher?
Now that the world has finally calmed down a bit, investors seem to be keen on knowing whether BTC will have a chance to rise higher on the radar. Per the latest BTC stats from CoinCodex, Bitcoin may surge and spike to hit a new high of $75K by the first week of May 2026.
“Bitcoin is forecasted to hit $83,110 by the end of 2026 (+16.03% compared to current rates), $166,372 by 2030 (+132.27%), $968,339 by 2040 (+1,251.88%), and $1.43M by 2050 (+1,902.46%). All values represent end-of-year price estimates according to our models.”
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