Crypto and stocks add to gains as Trump says Iran war could be over soon

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto and stocks add to gains as Trump says Iran war could be over soon It's been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80. By Krisztian Sandor , Helene Braun | Edited by Stephen Alpher Mar 9, 2026, 7:48 p.m. Make us preferred on Google What to know : Crypto assets, including crypto-related stocks extended their gains on Monday afternoon after U.S. President Donald Trump said the war with Iran could be over soon. U.S. equities rose sharply following the news, erasing early morning losses. Similarly, crude oil fell to $86 from around $116 as a result of Trump's comment. A wild 24 hours continued in all markets after President Trump said the war against Iran could be over soon. The action against Iran is "very far ahead" of what was expected to be a four-to-five-week time frame, said Trump in late-afternoon comments. He is expected to give updates on the situation at 5:30 pm ET. Already in the midst of a sharp reversal higher after plunging Sunday evening as oil soared as much as 30%, crypto and equity markets added to gains following the comments. Just ahead of the close, the Nasdaq was ahead 1.25% and S&P 500 0.8%. Bitcoin BTC $ 69,090.78 at just above $69,000 was up 2.4% over the past 24 hours. Oil, meanwhile, tumbled even further. After rising as much as 30% to $120 per barrel on Sunday evening, WTI crude plunged all the way back to $85, now lower by 6% for the day. Crypto-related stocks added to Monday gains, with Circle (CRCL) up 10% while Strategy (MSTR) and Coinbase (COIN) were 5% and 2% higher, respectively. Bitcoin News Donald Trump Market Wrap Breaking News top news More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. View Full Report More For You Bitcoin could be the big winner if the U.S.-Iran conflict drags on for months By Helene Braun | Edited by Sheldon Reback 3 hours ago Macro strategist Mark Connors says war-driven spending, rising debt and lower interest rates could support bitcoin. What to know : Macro strategist Mark Connors said a prolonged U.S.-Iran conflict could boost bitcoin as war-related deficit spending expands liquidity and weakens the dollar. Rapid U.S. debt growth and potential currency debasement are likely to push investors toward alternative assets such as bitcoin, Connors said. The Federal Reserve’s need to keep Treasury markets functioning, combined with government borrowing, may lead to the lower interest rates and looser liquidity conditions that historically support bitcoin. Read full story Latest Crypto News Bitcoin could be the big winner if the U.S.-Iran conflict drags on for months 3 hours ago Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100 3 hours ago Josh Swihart's Zcash Open Development Lab raises $25 million in seed funding 4 hours ago Global insurance broker Aon tests stablecoin payments with Coinbase, Paxos 4 hours ago Stock market volatility hits one-year high, possibly marking bitcoin bottom 4 hours ago 'Mini crypto winter' nearly over, says Tom Lee as Bitmine ramps up pace of ether acquisition 5 hours ago Top Stories Michael Saylor's Strategy made $1.3 billion bitcoin purchase last week 7 hours ago Nasdaq and Kraken are teaming up to let you trade tokenized stocks 8 hours ago U.S. isn’t really exposed to oil shocks and that might be helping bitcoin stay resilient 13 hours ago Bitcoin stays calm while other markets panic: key levels to watch 8 hours ago Nigel Farage takes 6% stake in UK bitcoin treasury firm Stack BTC 10 hours ago Trump's cyber strategy vows to 'support the security' of cryptocurrencies and blockchain Mar 7, 2026 In this article BTC BTC $ 68,153.83 ◢ 0.67 %