US President Donald Trump has decided to extend the truce with Iran, contributing to positive dynamics in global financial and cryptocurrency markets.
This is reported by Finway
Bitcoin Price Exceeds $78,000: Market Reaction
In the morning hours of April 22, 2026, Bitcoin experienced a significant surge, peaking at $78,452. According to TradingView, this jump occurred against the backdrop of reduced tensions in the Middle East, particularly due to the US decision regarding the truce with Iran. At the time of writing, the price of the leading cryptocurrency was slightly below $78,000, showing a daily increase of over 2% and more than 5% for the week.
The increase was observed not only in Bitcoin but also in other leading cryptocurrencies, indicating a general upward trend in the market.
Positive dynamics were also demonstrated by stock indices: futures on the S&P 500 rose by 0.5%, while those on the Nasdaq 100 increased by 0.7%. Meanwhile, Brent crude oil lost 1.25% in price.
Market Experts’ Reactions and Political Context
Donald Trump’s decision to extend the truce with Iran was announced on his Truth Social page. The President emphasized that the truce will last until Iran provides a concrete proposal, while the US Navy’s blockade of the Strait of Hormuz will remain in effect.
Matt Simpson, a senior analyst at StoneX, commented to Reuters that the markets have already priced in the main risks associated with the escalation of the conflict in the Middle East:
“It seems the markets were right in believing that the peak of uncertainty related to the war is behind us. The risk is likely to remain high, and price declines are viewed by optimistic investors. The closure of the Strait of Hormuz is already factored into stock prices.”
It is worth noting that Trump’s statement is currently unilateral, as neither Iran nor Israel has officially confirmed it.
Analysts at Wintermute previously predicted that further de-escalation in the Middle East could push Bitcoin’s price to $80,000.