This Tuesday, April 7, 2026, with just over 1 hour left until the ultimatum given by the President of the United States, Donald Trump, to Iran, the president made a publication on TruthSocial that calmed the markets. «Following conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir of Pakistan, in which they asked me to stop the attack tonight against Iran, and provided that the Islamic Republic of Iran agrees to the FULL, IMMEDIATE and SECURE OPENING of the Strait of Hormuz, I agree to suspend bombing and attacks against Iran for two weeks,» Trump wrote. In the same post, Trump added: «It will be a bilateral ceasefire! The reason is that we have already met and exceeded all military objectives and we are very advanced in negotiating a definitive agreement on long-term PEACE with Iran and PEACE in the Middle East. The US president detailed: «We received a 10-point proposal from Iran and we believe it constitutes a viable basis for negotiation. «The United States and Iran have agreed on almost all of the previous points of contention, but two weeks will allow the agreement to be finalized and finalized.» According to reports from the Associated Press agency, Iran’s Supreme National Security Council announced that it has accepted the two-week ceasefire. Furthermore, Iran’s Foreign Minister Araghchi stated that Safe passage through the Strait of Hormuz «will be possible through coordination with the Iranian Armed Forces and taking due account of technical limitations». The official added: «if the attacks against Iran stop, our powerful Armed Forces will suspend their defensive operations.» As BitcoinDynamic has explained in several publications, The Strait of Hormuz is a key maritime passage for the oil industrysince a fifth of the world’s oil production passes through there.
The Strait of Hormuz is a fundamental maritime passage for the global oil industry. Source: Google Maps. Immediately after the publication of the American president, The price of bitcoin (BTC) began to rise as seen in the following graph:
The price of bitcoin exceeds $71,000. Source: CoinGecko. Likewise, oil had an accelerated drop in its price. Brent fell below $100 for the first time since April 2:
The price of a barrel of Brent crude oil falls below $100. Source: Trading Economics. Those who have also been favored by these developments are the altcoins. At the time of this publication, More than half of the cryptocurrencies and tokens in the top 100 by market capitalization have their numbers in green. on a weekly level.
15 cryptocurrencies and tokens with the highest weekly rise this April 7, 2025. Source: CoinMarketCap. As can be seen in the image above, edgex (EDGE), zcash (ZEC) and algorand (ALGO) lead the list for having the highest percentages of increase in the last 7 days.
