U.S. stocks have recovered the losses since the Iran war, while Bitcoin pushes up to 74K

As investors hope the U.S. and Iran can ultimately reach an agreement, stocks are rising. The S&P 500 has recovered all losses since the Iran war. Bitcoin (BTC) surged higher this morning, reaching as high as $74,900, the first time since February. Ethereum (ETH) rose even more, up 7.7% to above $2,350.

The U.S. and Iran are expected to restart negotiations, and the S&P 500 recovers losses since the war

As the U.S.-Iran war enters its seventh week, the United States has begun imposing a maritime blockade on the Strait of Hormuz. Trump said Iran has reached out to his staff regarding peace talks, and the remarks have helped the stock market sustain its rally.

The peace negotiations held by the U.S. and Iran over the weekend did not yield results. When Vice President Vance left Islamabad, there was no agreement reached with Iran, because Iran was unwilling to stop developing nuclear weapons. But the differences between the two sides seem to go far beyond that. Iran also demanded control of the Strait of Hormuz, payment of war reparations, and the release of frozen assets.

On Monday, the U.S. implemented a maritime blockade to cut off access for Iranian ports and coastal-region vessels, seeking to increase pressure on Tehran.

But Trump also tried to downplay the possibility of further shocks to the global energy market. He said that on Sunday, 34 ships passed through the Strait of Hormuz, the highest number since the implementation of the so-called foolish blockade measures.

The S&P 500 rose by more than 1%, recovering all losses since the Iran war, and also showed that the market’s risk tolerance is rebounding. Tech stocks surged higher, and the software sector’s single-day gain hit a nearly one-year high, becoming a key driver behind the broader market’s rebound.

(Oil prices rose, but the market response was muted. From the VIX index, have we already passed the peak of panic and selling?)

Bitcoin pushes up to 74K; MicroStrategy adds another $1 billion buy of BTC

Bitcoin surged higher this morning, reaching as high as $74,900, the first time since February. Ethereum climbed even more, up 7.7% to above $2,350.

MicroStrategy Strategy (formerly MicroStrategy) announced it is making another large buy of bitcoin, purchasing 13,927 BTC for approximately $74k, at an average price of about $71,902.

Positive regulatory progress has brought good news. The U.S. Securities and Exchange Commission (SEC) has scheduled a key roundtable discussion on the CLARITY Act, aiming to provide the long-awaited regulatory clarity people have been hoping for.

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