BTC spikes about 1% higher on hope for end to Iran conflict

Bitcoin BTC$67,552.47 rose alongside U.S. stocks after Iran’s President Masoud Pezeshkian reportedly said the country would be prepared to end the conflict if it receives security guarantees.

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The crypto asset was trading at $67,762, up nearly 2% over the past 24 hours. The Nasdad about doubled its gain on the news, now higher by 3.1%. WTI crude oil, meanwhile, tumbled from just shy of $105 per barrel to $102.

Pezeshkian’s unconfirmed remarks are raising the prospect of a diplomatic off-ramp, easing fears of a wider conflict that could disrupt oil flows, fuel inflation and continue to rattle global markets.