Daily Market Update: Trump Extends Iran Strike Pause — What It Means for Bitcoin, Stocks, and Oil Prices

TLDR

• Trump extended the pause on U.S. strikes against Iran’s energy infrastructure to 10 days, giving Iran until April 6 to comply.
• Bitcoin fell over 3% on Thursday before recovering slightly to trade just above $69,000.
• The Nasdaq dropped 2.4% Thursday and is now down roughly 10% from its January peak.
• U.S. 10-year Treasury yields jumped to 4.43%, with bets growing that the Fed may hike rates rather than cut them.
• Oil prices pushed above $103 per barrel for Brent crude as Strait of Hormuz traffic concerns grew.

Bitcoin recovered some ground Thursday after President Trump said he was extending a pause on U.S. strikes against Iran’s energy infrastructure. The news brought some relief to markets that had taken heavy losses earlier in the day.

Iran now has until April 6 to comply with U.S. demands before strikes on its power plants resume.

Bitcoin had dropped more than 3% earlier in the session. After Trump’s post, it climbed about 1% from its lowest point and settled just above $69,000.

Other cryptocurrencies also bounced off their lows. Ether, XRP, Solana, and Cardano all recovered slightly but remained 3% to 5% lower over the prior 24 hours.

Stock Markets Under Pressure

The Nasdaq fell 2.4% on Thursday. That index is now down around 10% from its peak in late January.

U.S. stock futures edged higher on Friday morning. Nasdaq 100 and S&P 500 futures each rose about 0.2%, while Dow futures nudged up 0.1%.

However, gains were limited. Investors remained cautious as doubts about a lasting peace deal kept uncertainty high.

Bond Yields and Oil Climb

The U.S. 10-year Treasury yield rose as high as 4.43% on Thursday, up from below 4% just weeks earlier. It pulled back slightly to 4.41% by end of session.

That sharp rise has nearly erased expectations for Federal Reserve rate cuts. Some traders are now betting the Fed could raise rates instead. Similar moves are happening in bond markets across Western Europe.

Oil prices also climbed. Brent crude traded above $103 per barrel. West Texas Intermediate neared $96. Both moves came as attacks continued across the Middle East and concerns grew over disruptions to Strait of Hormuz shipping traffic.

Investors are watching whether the conflict could extend well into April.

Reports suggest Iran’s leadership is reluctant to enter direct talks with Washington, even as it reviews a U.S. proposal. That uncertainty continues to weigh on markets heading into the weekend.

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