Bitcoin, XRP surge as Trump signals ‘productive talks’ with Iran

It's been 24 days since the warfare involving the United States, Israel and Iran began and the concern is showing immoderate improvements.

Over the weekend, President Donald Trump said the U.S. and Iran had made advancement toward easing tensions successful the Middle East.

In a Truth Social post, Trump said the 2 sides held “very bully and productive conversations” implicit 2 days, raising hopes of a broader de-escalation.

He added that planned U.S. strikes connected Iranian powerfulness plants and vigor infrastructure would beryllium paused for 5 days, arsenic per continued diplomatic progress.

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Traditional markets reacted swiftly.

Right aft the marketplace doorbell connected March 23, Dow Jones Industrial Average jumped 1.72%, portion S&P 500 climbed 1.49% and Nasdaq Composite roseate 1.79%.

The biggest catalyst came from oil. Crude prices, which had spiked amid geopolitical uncertainty, reversed people sharply. At property time, West Texas Intermediate (WTI) crude fell much than 8% to astir $89 per barrel, while and Brent crude fell much than 11% to $103 per barrel.

The pullback successful vigor prices eased fears of prolonged inflationary unit and a imaginable planetary recession.

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Crypto markets followed the broader risk-on sentiment.

Bitcoin (BTC) gained 3.5% to commercialized near $71,000.20, portion Ethereum (ETH) roseate 4% to around $2,158. XRP (XRP) added 2.2% to hover adjacent $1.4, and Solana (SOL) climbed 3.4% to $90.4.

Crypto-related stocks besides opened higher. Major crypto exchanges specified arsenic Coinbase (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD) roseate 2% and 1.68%, respectively.

Michael Saylor's Strategy (NASDAQ: MSTR) opened 2.68% higher aft announcing it purchased 1,031 BTC astatine $74,326 past week, bringing full holdings to 762,099 BTC. Circle, however, slipped somewhat by 0.05%.

Overall, easing geopolitical tensions look to beryllium restoring capitalist assurance crossed some accepted and integer plus markets.

Related: Popular Dubai crypto lawsuit cancelled owed to Iran war, offers refunds

This communicative was primitively published by TheStreet connected Mar 23, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.