Bitcoin Holds $67,500 as Trump Signals Possible End to Iran War Despite Hormuz Closure

Bitcoin recovered from Monday’s dip below $65,200 and trades near $67,500, while major altcoins have fallen 3–8% for the week. Solana dropped 7% and XRP declined 6%, marking broad losses across risk assets as March closes.

President Trump told aides he is willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed. Trump and his team assessed that reopening the strait would extend the conflict beyond the four-to-six week timeline he publicly outlined.

Brent crude erased early gains to settle near $106 per barrel after Iran struck a Kuwaiti oil carrier. The S&P 500 is on its longest daily losing streak since 2022, and MSCI Asia Pacific is heading for its worst month since 2008.

Analysts note Bitcoin’s range between $65,000 and $73,000 has held despite war-related volatility. A ceasefire could reduce headline risk, but a closed Hormuz may keep oil elevated and inflation expectations high, influencing the rate-cut outlook. Whether demand for Bitcoin sustains through April depends on Trump’s actions and the war’s actual resolution.

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