President Trump said on Truth Social that he would delay any attack on Iran for five days, easing fears of a broader conflict. Bitcoin briefly rose to about $71,000, marking roughly a 5% gain from the prior session, while Ethereum, Dogecoin, Solana, and Chainlink each advanced around 5% over the past 24 hours. Crypto equities also moved higher in early trading, with Galaxy Digital up around 2% and Coinbase roughly 2%.
Beyond crypto, risk appetite improved as gold recovered most of its losses to about $4,440 per ounce, the dollar index slipped toward 99.3, and traditional markets showed signs of resilience. The US 10-year Treasury yield fell toward 4.3%. Oil retreated sharply, with WTI trading below $88 per barrel and Brent hovering near $100.
Options markets remained defensive, with put options trading at a premium to calls. This indicates that traders view the rebound as a likely short-term event and remain cautious about its durability amid energy-price volatility.
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