Bitcoin Surges Past $71,000 as Trump Signals End of Iran War

Bitcoin broke above $71,000 for the first time in four days after US President Donald Trump declared that the military operation against Iran is "practically complete." The crypto market responded with a swift rally — the CoinDesk 20 index rose 2.86%, while individual altcoins posted even stronger gains.

What Trump Said

The US President stated that Iran has been effectively stripped of its military capabilities. According to him, Iran's navy, communications systems, and air force have been destroyed, and drone production has been halted. The US military confirmed that over 3,000 Iranian targets were struck during the first week of operations.

"If you look, they have nothing left. There's nothing left in a military sense," Trump emphasized, adding that the conflict could end "very soon."

Crypto Market Reaction

Among smaller coins, HYPE, ZEC, and RENDER posted the biggest gains — between 7% and 11%. The broader crypto market showed a confident recovery after a week of uncertainty.

Impact on Traditional Markets

The Dollar Index (DXY) dropped to 98.5, providing additional support for risk assets. Brent crude, which had earlier surged to nearly $120 per barrel on supply disruption fears, fell 6.1% to approximately $92.66. West Texas Intermediate declined 6.5% to $88.46.

Asian equity markets also opened higher, while US Treasury yields declined, creating a favorable environment for crypto assets.

Is This Rally Sustainable

Analysts caution that the rally may be temporary. Bitcoin remains in a bearish trend on higher timeframes, and some investment firms forecast a further 30% decline during 2026. At the same time, geopolitical stabilization and a weakening dollar could support current levels in the short term.

Bottom Line

Trump's statements about ending the war with Iran triggered a wave of optimism across financial markets. Bitcoin reclaimed the $71,000 level, but traders should remain cautious — the fundamental picture remains mixed, and volatility could return with any unexpected geopolitical development.