Crypto stocks and Bitcoin saw sudden gains Tuesday on multiple reports that Iranian President Masoud Pezeshkian is "ready to end war."
Crypto exchange Coinbase has gained nearly 9% since the opening bell, recently trading at $175. Bitcoin mining and AI hardware firm Bitdeer saw its shares jump more than 12%, trading as high as $8.98 before falling back to $8.88. And chipmaker giant Nvidia saw its shares gain 5% to reach $173.80.
Stock indices are showing major gains on the day, with the Nasdaq rising 3.63%, the S&P 500 climbing 2.7%, and the Dow up 2.32% so far Tuesday.
Meanwhile, Bitcoin saw a short-lived surge above $68,000 before retracing. At the time of writing, BTC is trading for $67,821, according to crypto price aggregator CoinGecko. That puts it 1.9% higher than it was this time yesterday. Ethereum is up even more on the day, rising about 3.5% to a recent price just below $2,100.
