Bitcoin Holds Ground as Trump Signals Willingness to End Iran War

Bitcoin has maintained its price near $66,000 in recent days, following reports that US President Donald Trump is considering an exit from the Iran war. According to administration officials, Trump is willing to end the military campaign against Iran even if the Strait of Hormuz remains closed.

The CME's FedWatch tool indicates a 97.4% chance that the Federal Reserve will keep interest rates unchanged on April 29. Oil prices have surged by 48% since the conflict began, raising concerns about inflation and market stability.

Analysts believe that a rapid de-escalation of the Middle East conflict could unlock a 'strong risk-on rally,' potentially pushing Bitcoin above $90,000. However, sustained institutional flows and regulatory clarity are necessary for the cryptocurrency to embark on a bull run.