Crypto-related stocks and Bitcoin prices surged Tuesday afternoon following multiple reports that Iranian President Masoud Pezeshkian stated his country is “ready to end war.” Shares of Coinbase, Bitdeer, and Nvidia saw significant gains, while Bitcoin briefly surpassed $68,000. The news originated from a financial newsletter and was later confirmed by an official Iranian government social media account, citing a phone call with the European Council president.
Crypto stocks and Bitcoin saw sudden gains Tuesday on multiple reports that Iranian President Masoud Pezeshkian is *”ready to end war.”* Crypto exchange Coinbase gained nearly 9% to trade at $175, while mining firm Bitdeer jumped more than 12%. Chipmaker Nvidia saw its shares gain 5% to $173.80.
Stock indices showed major gains, with the Nasdaq rising 3.63%. Bitcoin saw a short-lived surge above $68,000 before retracing to trade at $67,821, according to CoinGecko. Ethereum rose about 3.5% to a price just below $2,100.
The news first appeared in The Kobeissi Letter at 12:45 p.m. Eastern Time, then in a Bloomberg alert. The Iranian government’s English-language account on X, Iran_GOV, shared similar news, described as an English version of the PadDolat account.
In a post on X, Iran_GOV said Pezeshkian made the statement during a phone call with António Costa, president of the European Council. Costa confirmed the phone call on his own X account Tuesday morning.
“We have the will to end this war—provided that necessary guarantees are in place to prevent any repetition of aggression,” the Iranian president said, according to the Iran_GOV account. Other news sources, The Economic Times and Euro News, cited a statement released by the Iranian president’s office.
Analysts noted that a rapid de-escalation could unlock a strong risk-on rally. Lacie Zhang, research analyst at Bitget Wallet, told that Bitcoin could move above $90,000. She cautioned that even a ceasefire won’t fuel a sustained bull run without institutional flows and regulatory clarity.
The White House has not yet issued a statement about Pezeshkian’s comment. President Donald Trump hasn’t acknowledged it on his Truth Social account. Midday Tuesday, Trump shared a poll graph showing 89% approval for his decision to use military force.
