Crypto Prices Soar as Trump Postpones Iran Strikes for Five Days

The global financial markets have reacted to the latest development in the escalating conflict between the US and Iran, with cryptocurrency prices surging on news of a potential escalation.

According to reports, US President Trump announced that he would postpone attacks against Iran's infrastructure for five days following 'very good and productive conversations' regarding a complete resolution of hostilities in the Middle East.

The announcement has triggered a rebound in cryptocurrency prices, with Bitcoin (BTC) rising by almost 5% above $71,000 in early morning US trading hours. The surge is part of a broader market trend, with Ether (ETH), dogecoin (DOGE), solana (SOL), and Chainlink (LINK) all seeing price increases of over 5% in the past 24 hours.

Gold prices have also rebounded, erasing nearly all its earlier losses to trade at $4,440 per ounce. The US dollar index has slipped to 99.3, while bond yields have declined globally, with the U.S. 10-year yield falling by 100 basis points to 4.3%.

Meanwhile, WTI crude and Brent crude prices have dropped by 11% and 8%, respectively, in response to the news.