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

Bitcoin BTC$67,625.42 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.

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.