This Tuesday, April 7, 2026, with just over an hour left until U.S. President Donald Trump’s ultimatum to Iran, the president made an announcement on TruthSocial that calmed the markets.
“In my meeting with Prime Minister Shehbaz Sharif and Pakistani Field Marshal Asim Munir, I asked them to cease their attacks on Iran tonight and agree to a two-week halt in bombings and attacks against Iran, conditioned on the Islamic Republic of Iran agreeing to the full, immediate and safe opening of the Strait of Hormuz,” Trump said.
In the same post, President Trump added, “There will be a bilateral ceasefire! The reason is that we have already met and exceeded all military goals and are very advanced in negotiating a final agreement for long-term peace with Iran and peace in the Middle East.”
The US President elaborated: “We have received a 10-point proposal from Iran that we believe provides a workable basis for negotiations.” “The United States and Iran have agreed on nearly all of the issues to date, but it will take two weeks for an agreement to be finalized,” he said.
Iran’s Supreme National Security Council announced it had accepted a two-week ceasefire, the Associated Press reported.
Furthermore, Iranian Foreign Minister Araghchi stated: Safe passage through the Strait of Hormuz “will be possible through coordination with the Iranian military and due consideration of technical limitations.”. The official added: “Once attacks against Iran cease, our powerful military will cease defensive operations.”
As CriptoNoticias explains in several publications: The Strait of Hormuz is an important sea route for the oil industryBecause one-fifth of the world’s oil production passes through it.
Immediately after the announcement by the President of the United States, As you can see in the following graph, the price of Bitcoin (BTC) started to rise.
Similarly, the decline in oil prices accelerated. Brent has fallen below $100 for the first time since April 2nd.
These developments have made altcoins even more popular. At the time of this publication, More than half of the top 100 cryptocurrencies and tokens by market capitalization are in green. on a weekly level.
As you can see from the image above, edgex (EDGE), zcash (ZEC), and algorand (ALGO) lead the list. For recording the highest rate of increase in the past 7 days.
