Trump's Iran peace deal sparks a broad crypto rally, with Bitcoin up 3% and Solana up 5%

The day's main driver was geopolitical: President Trump announced a peace agreement with Iran, easing tensions that had weighed on risk assets. Crypto markets responded quickly — Bitcoin climbed 3.1%, Ethereum 4.8%, and Solana 5.1%, with smaller assets posting even larger gains. NEAR Protocol jumped nearly 16%, and Hyperliquid rose 12.6%, as traders rotated into higher-beta names once the macro signal turned positive. The Iran news mattered because crypto has increasingly traded alongside other risk assets — when geopolitical uncertainty drops, capital tends to flow back in. The Fear & Greed index sits at 25 (Fear), meaning the market was already priced for anxiety; a positive surprise like a peace deal can produce outsized moves from that starting point. The rally happened against a complicated backdrop. Spot Bitcoin ETFs — funds that hold actual Bitcoin and trade on stock exchanges — recorded $1.26 billion in outflows last week, their worst week since late January. Ethereum ETFs extended their own outflow streak to ten consecutive days. That kind of sustained institutional selling had been a headwind. Today's geopolitical catalyst was strong enough to push prices higher anyway, but the ETF data is a reminder that not all institutional money is moving in the same direction. Zcash's 7.9% gain stood out among the top 15 tracked assets; no specific catalyst was identified beyond the broad risk-on tone. Bitcoin Cash was the lone decliner in the top 15, slipping 1.1% — the only asset that couldn't catch the day's tailwind.

• –The SEC approved Nasdaq to list Bitcoin index options — a step that could make it easier for institutional investors to hedge or gain exposure to Bitcoin without holding the asset directly.
• –Spot Bitcoin ETFs shed $1.26 billion last week, their worst outflow week since late January, while Ethereum ETFs recorded a tenth consecutive day of net redemptions.
• –Analysts at several firms published notes suggesting Bitcoin may be positioned to outperform traditional stocks and bonds after a period of underperformance relative to Wall Street benchmarks.