Trump’s ceasefire post lifts stocks and oil; Bitcoin steady

Stocks and oil rose Monday after former President Donald Trump posted on Truth Social about a possible ceasefire between Iran and Israel. Bitcoin showed little movement, opening and closing the day near $62,800.

The post followed a series of cross-border strikes. Iran’s Islamic Revolutionary Guard Corps announced a “halt in offensive strikes” and warned that any future Israeli attack would trigger a “much more severe” response. Israel confirmed it had suspended strikes on Iran and said it would continue operations against Hezbollah in Lebanon. The latest missile exchanges occurred on Sunday, June 7.

U.S. equity benchmarks advanced on the news. The Dow Jones Industrial Average rose about 0.7% before trimming gains, and the S&P 500 gained roughly 0.9%. Oil prices eased after weeks of pressure tied to conflict risk and fears of a prolonged Strait of Hormuz disruption.

Market participants removed a war premium that had been embedded in commodity prices and some inflation measures since May, and equities rallied on the perceived reduction in near-term geopolitical risk.

Cryptocurrency markets did not mirror those moves. Bitcoin remained near $62,800 through the 24 hours after the post, with data showing limited volatility in that period.

Bitcoin has shown varied responses to the conflict. The asset climbed from about $65,878 to above $82,000 in May when some investors treated it as a store of value against geopolitical risk, then gave back those gains after an earlier ceasefire collapsed. Earlier in June, Bitcoin rose about 5% after a separate Trump comment on social media; Monday’s post did not produce a comparable reaction.

Analysts at Coinbase have cautioned that rallies tied to ceasefires can reverse when agreements fail to hold. Market participants remain hesitant to price a permanent deal until a cessation of hostilities endures.