Bitcoin jolted modestly higher on Iran ceasefire report; oil tumbles 4%
An Israeli TV report said a one-month ceasefire could be announced soon.
Updated Mar 24, 2026, 9:03 p.m. Published Mar 24, 2026, 8:48 p.m.
A down day in crypto became slightly less so in the minutes since U.S. stocks closed for the session.
According to Israeli Channel 12, a one-month ceasefire could soon be announced as part of a package being negotiated by White House envoys Steve Witkoff and Jared Kushner.
Other terms of the deal reportedly include a dismantling of Iran’s existing nuclear capabilities and that country’s vow to “never seek” nuclear weapons.
The news was felt most immediately in the oil market, with Brent Crude dropping from $104 to below $100 in a few minutes.
Trading down throughout the day and sitting near $69,000, bitcoin BTC$70,684.87 quickly popped back to $70,000. U.S. stock index futures also posted small gains on the news.
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