Bitcoin (BTC-USD) surged to a three-week high following an initial ceasefire agreement between the US and Iran, sparking a rally in risk assets.

Bitcoin fell in Asian trading on Tuesday, as cryptocurrencies were affected by broader market uncertainty ahead of Donald Trump’s deadline for Iran.

Bitcoin climbed back above $70,000 on Monday for the first time since March 25, as investors reacted to reports that Iran may be seeking a ceasefire in the ongoing war, despite escalating threats from US President Donald Trump.

Bitcoin is showing unusual on-chain signals as transaction fees fall to their lowest level in six years, raising questions about whether the market is approaching a potential turning point.

Bitcoin declined after US President Donald Trump signaled tougher military action against Iran in the coming weeks, dampening expectations of a swift end to the conflict and weighing on risk assets.

Bitcoin maintained modest gains on Wednesday after ending a five-month losing streak in March, boosted alongside other risk assets by US President Donald Trump’s announcement that he intends to end the war in Iran within weeks.

The cryptocurrency market has expanded rapidly over the past few years, and in 2026, it has become one of the most active financial markets in the world.

More than half of all transactions on the XRP Ledger (XRPL), which uses the native token XRP, are focused on payments, according to data as of March 23, 2026.

Bitcoin rose alongside Treasuries and stock futures after US President Donald Trump said he would delay strikes on Iranian energy facilities for five days.

The price of Bitcoin, the world’s largest cryptocurrency, fell by more than 5% on Thursday, briefly slipping below the $70,000 mark amid broader market weakness.