U.S. markets rallied Wednesday as hopes for de-escalation in the U.S.-Iran conflict lifted risk appetite — and crypto rode the wave. Yahoo Finance data shows the Nasdaq Composite jumped 1.59% to a record 24,016.02, while the S&P 500 climbed 0.8% to an all-time high of 7,022.95. The tech-heavy Nasdaq was buoyed by a 2.08% advance in the technology sector.
That optimism spilled into digital assets: Bitcoin added 1.07% to $75,229, extending a two-week rally that has pushed BTC up nearly 10%. The renewed risk-on tone has traders watching whether crypto and tech will keep leading the next leg higher.
Market sentiment improved after comments from the White House about ongoing Middle East tensions. President Donald Trump told Fox Business the war is “very close to being over,” while saying a final settlement depends on successful talks. The administration indicated a second round of negotiations is expected to resume in Islamabad this week, where Vice President J.D. Vance — who recently arrived in Pakistan — said officials are seeking a “grand bargain” but face a deep “trust deficit.” Trump added that Iran had been “beaten up pretty bad” and its leaders “want to make a deal very badly.”
Tom Lee, Fundstrat’s chief investment officer, told CNBC’s Closing Bell that equities have stayed resilient despite geopolitical friction, and many investors remain in cash, waiting for clarity before committing capital. Lee also noted on X that “stocks bottom on bad news,” implying upside could continue as uncertainty clears. He expects the next phase of the rally to be led by the “Magnificent Seven,” software names, and crypto assets such as Bitcoin and Ether.
For crypto traders, the move toward $75k is a reminder of how macro and geopolitical developments can quickly shift flows back into risk assets — and how Bitcoin and Ethereum remain front-and-center for those looking to ride market rebounds.
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