Bitcoin rebounded to around $70,000 on Tuesday, gaining roughly 2% as investor anxiety over Middle East tensions eased. US President Donald Trump commented that the conflict would likely be resolved soon. The move signaled a broader improvement in risk sentiment, with global equities staging a strong recovery and oil prices retreating after Monday’s surge.
The crypto rally coincided with a rebound in regional stock markets: Japan’s Nikkei 225 climbed more than 3%, while the MSCI Asia Pacific Index advanced nearly 3%. Oil prices pulled back sharply, with Brent crude falling to $91.37 a barrel, underpinning the recovery in risk assets, including cryptocurrencies. Ether, XRP, and Solana also posted modest gains. Still, traders remain cautious, warning that geopolitical risks could re‑emerge abruptly and threaten the recent upside.
