TLDR
- Bitcoin recovered from a dip below $65,200 and is trading near $67,500–$67,700
- Trump told advisors he’s willing to end the US-Iran war even if the Strait of Hormuz stays closed
- Oil prices fell on the news; S&P 500 futures climbed 0.8%
- Altcoins posted weekly losses of 3–8%, with SOL and XRP hit hardest
- Crypto’s total market cap holds at $2.32 trillion, outperforming a Nasdaq 100 that fell ~5%
Bitcoin is trading near $67,500 on Tuesday after recovering from a brief dip below $65,200 earlier this week. The recovery came after The Wall Street Journal reported that President Trump told advisors he’s willing to end the US-Iran war even if the Strait of Hormuz remains largely closed.
White House Press Secretary Karoline Leavitt confirmed that reopening the strait is not the primary goal. She said the focus remains on destroying Iran’s navy and missile stockpiles, and preventing Iran from obtaining a nuclear weapon.
BREAKING: President Trump is willing to end the Iran War even if the Strait of Hormuz remains closed, per WSJ.
Details include:
1. Trump and his aides assessed that a mission to reopen Hormuz would push the conflict beyond his timeline 4-6 weeks
2. Trump believes the US should…
— The Kobeissi Letter (@KobeissiLetter) March 31, 2026
Trump wants a ceasefire within four to six weeks. His team assessed that forcing the strait open would push the conflict past that timeline.
Oil prices, which had jumped to $107 a barrel, fell back to around $103 after the report. S&P 500 futures climbed 0.8%. Bitcoin’s 24-hour range was $66,205 to $68,323.
Iran struck a Kuwaiti oil tanker off a Dubai port during the session. Saudi Arabia, the UAE, Kuwait, and Bahrain are privately urging Trump to continue the war. Iran, meanwhile, is demanding sanctions removal, war damage compensation, and continued control over the strait.
Crypto Holding Steady Against Falling Stocks
The total crypto market cap sits at $2.32 trillion, roughly flat over the past week. The Nasdaq 100 dropped about 5% in the same period. Bitcoin has traded between $65,000 and $73,000 for the duration of the conflict.
JPMorgan noted that Bitcoin is weathering the Iran crisis better than gold and silver. Gold has been on an unusual losing streak despite the ongoing war.
Alex Kuptsikevich, chief market analyst at FxPro, said: “Crypto has pulled back, but appears stronger than stocks. It is finding support on dips to the lows seen since early February, demonstrating horizontal stabilization.”
Altcoins Lag Behind Bitcoin
Ether held above $2,000 at $2,062, up 0.4% on the day. Solana’s SOL fell 0.9% to $83.07. XRP dropped 2.2% to $1.32. Dogecoin slid 2.1% to $0.09.
SOL and XRP led weekly losses in the top 10, down 8% and 6.4% respectively.
Trading volume on Bitcoin increased 40% over 24 hours. Traders are watching this week’s Non-Farm Payrolls data for further direction.
$BTC has lost its uptrend.
And now this has exactly started to look like the Jan 2026 fractal.
Back then, BTC dropped almost 39% from its local peak.
A similar move will dump BTC to $45,000. https://t.co/oUPXt3yITu pic.twitter.com/wWjXAKbY76
— Ted (@TedPillows) March 30, 2026
Analyst Ted Pillows posted on X that BTC has lost its uptrend and compared current price action to a January 2026 fractal, warning that a similar move could take Bitcoin down to $45,000.
The most recent price data shows BTC holding above $67,700 as of Tuesday morning.
